Tuesday, May 31, 2011

A look into LPS

LPS, or lender processing services, is a Florida based mortgage servicer.  In the midst of what could very well be a second collapse of the housing market and an eventual financial meltdown, I can't see any good reason to own this stock.  They've been slapped with subpoena's, and market watch's Cody Willard seems to think they are going to go busto.   However, it's been extremely volatile recently, driving up option prices.  I have to figure that most of the money people are putting into this stock is short term.  I'm not sure when the merry go round will  end, but a well timed put will be the eventual response.  Hopefully I don't miss the boat.

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