CLGX

CoreLogic Inc

Finance/Real Estate, TMT


Presented:03/17/2017
Price:$40.00
Cap:$3.49B
Current Price:$80.00
Cap:$6.36B

Presented

Date03/17/2017
Price$40.00
Market Cap$3.49B
Ent Value$4.74B
P/E Ratio32.97x
Book Value$11.89
Div Yield0%
Shares O/S87.29M
Ave Daily Vol636,855
Short Int2.30%

Current

Price$80.00
Market Cap$6.36B
CoreLogic, Inc. engages in the provision of property, financial and consumer information services to mortgage originators, financial institutions and government organizations. It operates through two segments: Data and Analytics, and Technology and Processing Solutions. The Data and Analytics segment offers access to data assets including real estate information, mortgage-backed securities information, criminal and eviction records, employment verification, flood and hazard information and under-banked credit information. It products and services includes property information, advisory and analytics, insurance and spatial solutions, and multifamily services. The Technology and Processing Solutions segment provides loan origination and closing-related services and solutions, including tax, flood and data services to mortgage originators. This segment provides settlement services in connection with residential mortgage loans. Its products and services include property tax processing, origination & underwriting services, technology, and compliance solutions. The company was founded on June 1, 2010 and is headquartered in Irvine, CA.

Publicly traded companies mentioned herein: Corelogic Inc (CLGX)

Highlights

The presenter is long shares of Corelogic (CLGX), a mortgage, insurance, and real estate data and analytics provider primarily servicing banks and insurance companies. He believes concerns over slowing end markets have been largely priced in, and that declines in refinancing have troughed. He believes company guidance is too conservative, and by his model, CLGX shares could trade up to $58 over the next two years, from $40 today.

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