After LPS Plunges On New Legal Woes, Volume Soars in Call Options

This is an excerpt from an article I originally published on Seeking Alpha on December 29, 2011. Click here to read the entire piece.) In early November, I wrote that a turnaround finally seems to be materializing for Lender Processing Services (LPS). Regulatory and legal issues have long been a severe overhang for LPS, so … Read more

Turnaround Potential Materializing Again for Lender Processing Services

This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) {snip} Today, I am going to try again to make the case that LPS is potentially turning around. Here are the main points and observations: Short interest is down 34% from … Read more

Shorts Retreat Ahead of Earnings Warning for Lender Processing Services, Puts Soar

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) After discovering that shorts ramped ahead of earnings for Research In Motion (RIMM), I decided to check in again on the short interest in Lender Processing Services (LPS)… {snip} Source: NASDAQ.com So LPS caught bulls … Read more

Lender Processing Services Defaults On Guidance, More Uncertainty Ahead

(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) In late May, I wrote two pieces on Lender Processing Services (LPS) that reflected my increasingly bearish opinion on the company: “Rethinking Lender Processing Services Amidst New Allegations and Surging Put Activity” and “Shorts Close … Read more

Shorts Close In On LPS

(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) As I feared would eventually happen, LPS sliced right through support and made fresh two-year lows. On Tuesday, LPS closed down 3.6% on a third straight day of heavy selling volume. *Chart created using TeleChart: Put … Read more

Rethinking Lender Processing Services Amidst New Allegations and Surging Put Activity

Almost two weeks ago, I wrote a piece titled “Lender Processing Services Poised to Profit as Housing Market Worsens” in which I provided my thoughts and analysis about the latest earnings conference call for LPS. That piece included a detailed review of the entire earnings conference call. I concluded that the information management provided seemed … Read more

LPS Poised to Profit As Housing Market Continues to Worsen (Transcript)

(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece. Full article includes extensive notes from LPS’s last earnings conference call.) For two weeks, I have tried to post my notes from the first quarter earnings conference call for Lender Processing Services, Inc (LPS), a major … Read more

The OCC’s Enforcement Action May Confirm A Bottom for Lender Processing Services

On Wednesday, the Office of the Comptroller of the Currency rendered punishment on Lender Processing Services, Inc. (LPS) and other financial institutions “…for unsafe and unsound practices related to residential mortgage loan servicing and foreclosure processing.” (See OCC Takes Enforcement Action Against Eight Servicers for Unsafe and Unsound Foreclosure Practices). The OCC now requires mortgage … Read more

Reuters Exposes More Details On Allegations Weighing On Lender Processing Services

Once again, negative news flow caught up with Lender Processing Services (LPS) – this time it was a Reuters report titled “Special report: Legal woes mount for a foreclosure kingpin” that provided additional sordid and scandalous details on now well-known allegations that have weighed on LPS for at least a year. Reuters essentially claims that … Read more

Acting Comptroller Testifies; the CFO of Lender Processing Services Buys

On Thursday, the stock market was rallying but Lender Processing Services (LPS) was selling off on high volume. At its lowest point, within an hour of trading, LPS was down 7.5% on heavy volume. The stock recovered the rest of the day to close down 3.5%. It turns out that LPS was mentioned during testimony … Read more