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Rocket Stock Has Taken Off -- Here's What You Need to Know About the Business


Author Bio
Began my career as a trader for NYC hedge fund Elliott Management. Worked for Bear, Stearns in London as a trader, then became an analyst at several hedge funds. Currently CFO for a mortgage bank. Also author a daily blog on real estate called The Daily Tearsheet www.thedailytearsheet.com
Follow @TMFBrentNyitray
While 2020 was the best year for mortgage originators in almost 20 years, the stocks of the mortgage originators have disappointed. Over the past six months, all of the big originators have underperformed the
S&P 500. Investors are pretty much unwilling to pay more than a single-digit multiple for these stocks, and many have price-to-earnings ratios below 5. Companies report great numbers, and the market just sort of yawns. ....

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