Green & Gold Fund Recommendation: Sell Altisource Portfolio Solutions (ASPS)

• Sector: Financial

• XLF, BAC, VRSK, AGO, RESI, AAMC, and ASPS

• Overweight ~ 9% or $49,500

Current Sector Holdings

Industry: Mortgage and Real Estate

Company Description:

• Provides real estate services, portfolio management, and asset recovery in the U.S.

• Including loan services, foreclosures, bankruptcy, and debt collection

• Technology services: ordering, payment, and infrastructure services

Company Profile (ASPS)

Historical Performance (ASPS)

Purchase Price $31.73

Prev Close: $137.69

1yr Target Est:

$121.50

52wk Range $67.97 - $149.25

Avg Vol (3m) 119,505

Market Cap 3.12B

Beta 0.56

EPS 4.62

Dividend N/A

Forward P/E:

16.49

Price/Book 17.65

Shares Outstanding

22.9M

Revenue Breakdown

Return on Assets

•ROA decreased 38% in Q2 of 2013 compared to same period in 2012

•Net Profit Margin compared to industry average: 16.62% vs. 23.50%, respectively

• QE tapering may have a negative affect on industry

• Highly dependent on mortgage services

• Sector Diversification: 40% of sector invested in Mortgage & Real Estate

• Capitalize gain ~ 344% return on investment

Rational for Sell (ASPS)

Current Status:

• Target Allocation: 8.86%

• Current Sector Allocation: 17.87%

Recommend:

• Sell 200 shares of ASPS at market price of $135.00 (approximately $27,000, 4.43% of portfolio)

• Sector allocation after sell: 12.87%

Sector Placement / Recommendation