Professional
Added to YB: 2025-03-14
Pitch date: 2025-03-12
FOA [bullish]
Finance of America Companies Inc.
+8.28%
current return
Author Info
Pernas Research is a former CIO of a $3.5B fund that now share actionable stock research. Sign up for the newsletter.
Company Info
Finance of America Companies Inc. a financial service holding company, through its subsidiaries, provides home equity-based financing solutions for a modern retirement in the United States.
Market Cap
$257.9M
Pitch Price
$21.62
Price Target
N/A
Dividend
N/A
Sector
Financial Services
Category
value
Pernas Research Starter Position Initiated On: Finance of America Companies Inc.
FOA (initiated): Leading reverse mortgage player (37% share) after AAG acquisition. 19% YoY growth in originations despite rate volatility. Trades at 0.57x P/B despite positive adj. income, cost cuts, and innovation. Demographic tailwinds with $14T home equity. Upside potential as rates fall, outweighing rate/home value risks.
Read full article (1 min)