Rithm Capital: Why I’m Buying Into Its Transformation Endgame (NYSE:RITM)

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Patrick Harden is the pseudonym for a Certified Public Accountant based in Atlanta, Georgia. Mr. Harden is a former Big 4 public accountant, with direct experience in auditing publicly-traded real estate investment trusts. He has been employed as an accountant in the financial services sector for his entire career, with deep knowledge of SEC reporting and filing requirements as well as participating in multiple mergers & acquisitions. Primarily a self-directed investor, Mr. Harden has been closely following the mortgage REIT sector since 2003 and has witnessed the rise and fall of subprime mortgage REITs, the rebirth of the industry following the Great Financial Crisis, and the expansion of mortgage REITs into mortgage servicing rights and other real estate-adjacent investments. He has been an occasional Seeking Alpha contributor since 2007.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of RITM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am long shares of RITM in a self-directed IRA. I have no other positions in any other stocks mentioned and no plans to initiate any such positions within the next 72 hours.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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