Research Feed
ONIT: 55% P/E Discount to Industry on 16% ROE, FHA Headwind Quantified at 4M
Onity Group (ONIT) trades at 3.9x forward P/E — a 55% discount to the 8.7x industry median for mortgage servicers — despite consensus earnings implying 16% ROE, above management's 13-15% guidance. The discount reflects legitimate risks: $14M Q4 MSR runoff from FHA rule changes (October 2025 effectiv
BDX: $2B Buyback at Trough Post-Separation — Management Buying Depressed Valuation
Becton Dickinson closed the Reverse Morris Trust spinoff of its Life Sciences business to Waters on Feb 9 — nearly 2 months ahead of schedule. The company received $4B cash and is immediately deploying $2B into accelerated share repurchases and $2B into debt paydown, both "near term." At current pri