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This Countercyclical Stock Could Be a Good Hedge

TheMotleyFool

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This Countercyclical Stock Could Be a Good HedgePhoto, wide shot, wide-angle lens, Hedge fund, neutral atmosphere, photo by Charlie Waite: https://img.theapi.app/temp/95282efd-f725-49c0-be40-aa74627f7ccc.png

Altisource Portfolio Solutions (NASDAQ: ASPS) is a mortgage servicing company focused on the market for foreclosed residential real estate loans. Altisource thrives when the overall economy is not looking so hot, because it derives revenue from troubled home mortgages. But does the company's countercyclical nature make Altisource a good addition to an investor's portfolio?

Altisource is a non-bank financial company that services residential mortgages. The company assists investors and debt holders by administering basic upkeep services on properties, collecting payments from borrowers, managing the documents related to a mortgage, selling the properties, and more.

Source Fool.com

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