They had a significant beat, but the part of their business they wish they were not in was down 75%.
They will likely spin off the mortgage insurance biz to unlock value.
Genworth's earnings from their Mortgage Insurance business, strong enough to offset a 75% drop in their long term care business, bodes extremely well for all the pure plays like MTG and RDN..
Compound this by the number 1 market share holder (MTG) and we have a potentially explosive situation.
Of course shorty will dance his dance until we actually release earnings, but the stage has been set.
BUY and HOLD has never been more appropriate than now, in this sector, and with this company!
Sentiment: Strong Buy
This basically guarantees good earnings and an increase in price?
wrong business for guarantees. I assume you were being funny...
Thank you. Very good post.