It's all BS. Industry is growing. The GSE's need them. We now know the worst case scenario. The MI's will figure it out!
You tell him EX!. This whole thing is BS. It will be like it never happened in a few days. A bunch of new idiot short bagholders. Enjoy your daughters wedding. Didn't make millions but did make hundreds of thousands!
You're new here....you don't know squat...I'm a regular....over 4 years now....made millions of RDN and MTG....don't be and Idiot....a mind is a terrible thing to waste... --Exmo
I might actually give a flying leap....
If it weren't for the fact the my little girl is getting married tomorrow in a "blow-out-of the-year" Wine Country wedding....on my way now to the rehearsal & dinner....I blew a wad on this one....17 piece Count Basie Cover Band!
My....Sports Bar & Grill....(1.5mil of RDN profits paid for this lil beauty) opens in 3 weeks.
Think'n about changing my moniker to the Silver Surfer....adios mama farkers.... :)
Oh....and have fun stormin the Castle!
Well, we didn't see that coming. There is now no more opportunity in Radian nor the MI business in whole. It peaked and now with the news, it will make it impossible to climb out of the hole. Even $14 is now a pipe dream. Earnings will do nothing for Radian's PPS even if they are good.
This now explains why the shorts find the MI stocks so interesting. This is why Radian never participated in a rally. This is why Radian will never recover to its glory days. It's over. Bummer for Hammy Ham Sandwich who will be calling Investor Relations and Geepersman who will do what he can to convince himself and everyone this news is non-relevant. Non-relevant does not level a stock. And as for EX, he is a smart man and I am sure he slowly sold his shares though I may be wrong.
I wish everybody luck but the reality, Radian is going back to an $11 stock soon. Good luck.
You guys might recall that MTG and RDN were set to do a merger right before the bottom fell out. So here we are today. RDN says they're okay with the new requirements. But they want to grow, and they can't do that if they're forced to keep all of their money in a savings account. On the other hand, MTG, which has a profitable and fairly attractive forward looking book of business (as does RDN) is strapped for cash and can't meet the requirements (unless they raise more capital... and come on... do the shareholders really want them selling more stock?). So wondering what collectively RIF and cash would look like if they merged? Time for Tommie to crunch numbers and Rick to fire up his subroutine.