Technically, Ocwen is looking bullish.  It has shown a nice bottoming pattern and a nice slow step back up finally.  This is after a huge drop at the end of 2014 from $58 to $6.  YTD that is a huge drop of 70.9% and YTD drop of 32.1%.  Even with these poor technical formations, there has been widespread activity purchasing the stock.

Seth Klarman has been buying since 3rd quarter of 2014.  He was buying when the stock was averaging $30.  He also bought 4th quarter 2014 and 1st quarter of 2015.  He’s continues to accumulate as it goes down in price.  This is a true value investment and I have to believe when a guru like Seth is putting millions of his money and having this stock as a majority in his portfolio that he really believes it will do well in the future.