$LDI – Trump will win the “War on Housing.” LoanDepot is the biggest beneficiary – and the market is asleep at the wheel. The stock, at $2, is valued like a bankrupt lender. Wrong. Its mortgage servicing division alone – recently dubbed a “hidden gem” – would be worth $5 per share at $COOP’s valuation. That’s more than double today’s price, and that’s just one unit of the company. The market has no faith in lenders, tech companies, or fee-based businesses. They’re all free. Citron priced $RKT at $11 in May; today it’s $20. This move wasn’t driven by fundamentals, but rather by the market finally recognizing the value of $COOP’s services and the impending turn in the housing cycle. $LDI is next. More to come. Citron will continue to monitor market dynamics – the road to victory is challenging.