I became a member last year and have been following there trading videos. If I would have kept my money in the mutual funds I like I had in the past, I would have been DOWN around 35%, maybe more. But with following there videos, I am UP about 27% this year. There yearly membership fee is well worth the amount they offer it for hand-over-fist! They offer a free daily video also you can join.
Visit StockMarketVideot (Google them)
Was in the neighborhood and wanted to stop by and say hi. Life is good since I left the RDN home. Looks like this thing has had a steady slow climb. Good for those that stuck with it. Like a long term retirement plan, pays about the same. Maybe next year you will see $20? Or maybe not? Too many other places to make good money these days. This place has turned into a ghost town.
Anyway, Ex, hope your sports bar is doing well and life is good. B, well, I think you volunteer and hope that is going well. And Geepers, well, you are a RDN trooper.
Peace Out Y'All...
Excellent analysis and commentary! They regularly provide the best rundown on the US market. These guys are awesome!! With this great analysis, and there is no way I could have made money this year without this site! I signed up for there FREE daily videos. See for yourself, you will be glad you did!
Visit StockMarketVideor (Google them)
The new issue is debt, 5yr notes paying 5 1/4%, proceeds to buy back convertible notes due in 2017. Any $$$$ leftover may be used to buy back stock.
From the recent release, increasing the size of the new notes to 350m:
"The Company intends to use the net proceeds from the Offering, together with shares of its common stock, to purchase some of its outstanding 2017 Convertible Notes and thereafter, to repurchase some of the common stock the Company may issue in connection with such purchases, and otherwise for general corporate purposes."
I get the part about buying back convertible debt but the share buybacks get me... sounds like they are using shares (issuing new shares? Or using existing?) to help buyback the convertible? And then to use some of the new debt proceeds to buy back those new shares they just issued to buyback the convertible? Sure they have something crafty going on... magic
It's been a no brainer for the last 3-4 years. No reason to sell now. Going to be a good year for RDN!
Way before the housing boom. Book value of $10.69, earnings of $1.50/share. Look similar? TODAY: Book value $11.53, estimates are $1.47 for 2015 (probably do $1.50 by the end of the year). Where did RDN trade in 1997? It's stock trading range for the 1997: $16-$29. Radian could easily get into the mid-20's this year. FYI, RDN earned $1.83/share and had a book value of $12.65 in 1998. Could RDN do that in 2016? YES. RDN stock range in 1998: $13.20-$34.50. RDN could be in the 30's in 2016. Close to a double from here in the next 12-18 months.