UWM taking no questions on call surprising, says Keefe Bruyette

Keefe Bruyette analyst Bose George says UWM Holdings (UWMC) hosted its Q4 conference call and management noted they will not field questions, “which was a surprise.” The shares had already been weak on the Q1 guidance, and will likely selloff further weakness given the lack of questions on the call, the analyst tells investors in a research note. Keefe says the mid-point of UWM’s revenue guidance suggests 2c downside. “But since there was no expense guidance, it’s hard to quantify precisely,” the firm adds. Shares of UWM Holdings are down 15%, or 67c, to $3.90 in morning trading. Two Harbors (TWO), which is being acquired by UWM, is down 14% to $9.20.