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  • bbarberayr bbarberayr Dec 10, 2010 9:56 AM Flag

    After share price triples, Magic looks to Nasdaq funds

    I don't think this makes sense - they've got lots of cash on their books, generate more cash every quarter and just gave us that huge $0.50 per share dividend.

    I could see Forty wanting to sell some to reduce ownership and raise cash on their books, but unless MGIC is planning a large acquisition, don't see a need to do this.

 
MGIC
6.57-0.13(-1.94%)Jul 2 4:00 PMEDT