New management. Mr. Market went crazy over the spinoff news so now it trades at a good price I should have caught on faster and bought in early August, but I just couldn't get my arms around an analysis I was comfortable with. this is much like ORI which I bought earlier.
I bought 7,200 share Tuesday with an average price of $5.22. May buy more as I understand more.
So far so good. IMHO the value is around $9-10.
Best of luck to you - I think with some patience, your investment at $5.22 will pay off handsomely. I started buying in at $4.25/share and have kept adding. IMO, if HPA continues its positive trend, and the economy continues to improve - then GNW will begin a rapid share price increase once a new (credible) CEO is announced and their "strategy" is revealed (so long as Wall Street buys into the strategy).
Without any unanticipated bad news (like the shelved Australian IPO earlier this year) - I think GNW is at least $8.00 by year-end and $15 by mid next year. And those are CONSERVATIVE estimates.
GNW may just follow the huge gains that the financials are making. I am hoping the financials start acting as a leader group. We could be hitting it big here. The foreign financials could rally for quite a while.