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Takeaway: Steiner reiterates short Nationstar (NSM).

Got alpha on the short side? Josh Steiner does.

Hedgeye’s Financials Sector Head advised subscribers to short Nationstar Mortgage (NSM) back on 1/8/14. Shares of NSM are down over 14% since then, compared to a flat return on the S&P 500. He thinks shares have a ton of room to fall from here.

Steiner spells out his distilled bearish thesis in less than 3 minutes below. 

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