Sell
Ocwen Financial (OCN)
from Cabot Market Letter, recommended at $44 in Investment Digest issue 743, dated May 22, 2013.
Ocwen collapsed after earnings last week after a bad quarter; sales and earnings missed projections and worries have cropped up about future deal flow. Shares look to have formed a double top—we sold, booked a modest profit and moved on.
Michael Cintolo, Cabot Market Letter, www.cabot.net, 978-745-5532, November 13, 2013