I'm hearing rumors that UWMC may be growing some sort of scandal regarding their CEO and stock buybacks, but I see nothing about it other than internet chatter. I'm getting annoyed at this stock for continually dropping and am starting to wonder if other people know something coming down the pike that I don't. [Reply]
Originally Posted by Rain Man:
I'm hearing rumors that UWMC may be growing some sort of scandal regarding their CEO and stock buybacks, but I see nothing about it other than internet chatter. I'm getting annoyed at this stock for continually dropping and am starting to wonder if other people know something coming down the pike that I don't.
For the first time since I bought in I am getting annoyed with it as well. Can't decide if I should take a small loss or hang on. My hope for its future was already dwindling without seeing this. Fuck it I'm buying the dip and averaging down! [Reply]
I would describe it more like, finally back on the launch pad.
They canceled the deal to dilute the stock even further and decided to continue the buy back program. THAT IS GOOD NEWS!
The original announcement was to get more institutions invested but it tanked the stock. So they quickly reversed course which I believe is smart business. Glad to see they care about their investors. [Reply]