Lender Processing Services, Inc.
On December 21, 2012, Luxembourg-based property management company Altisource Portfolio Solutions (NASDAQ: ASPS) completed the spin-off of two of its former subsidiaries: Altisource Residential (NYSE: RESI) and Altisource Asset Management Corporation (AAMC). The deal unlocks a tremendous amount of value in ASPS's former subsidiaries and has already provided solid returns for investors who have continued to hold AAMC stock. In the coming months, this complex yet low-key spin-off may more »
Brown’s Valley Development Company, which is owned by Altisource Portfolio Solutions (NASDAQ: ASPS) Board member Michael Linn, has purchased 1,000 shares of the company’s stock according to a filing with the SEC. The buy took place on November 27, at an average price of $103.87 per share, and augments close to 16,000 shares that are owned by Linn, his children, and his trust. Altisource Portfolio more »
Of all the financial indicators used by investors today, insider-trading activity may be the most underused and underrated. As we've discussed time and time again, empirical studies have proven that individuals who mimic a company's most prominent insiders can beat the market by an average of 7 percentage points a year. That's no joke. Here's the full explanation of this phenomenon, but know this: we'll more »