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Genworth Financial, Inc. Message Board

  • cvdpro cvdpro Jan 15, 2013 1:01 PM Flag

    Earning estimated

    Been raised cross the board over last one month.

    So how can they downgrade a stock with estimate at 1.27, book value over $30 is beyond my comprehension.

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    • cvd - as a fellow Long I can empathize - however low valuations among life insurance companies across the sector is nothing new - it's been that way for several years - though I agree the sector is poised for a turnaround.

      Consider: (1) Rock bottom interest rates making it hard to earn a decent return on their existing portfolio, although they have likely reached bottom (2) continuing questions about USMI profitability, although that seems about to change for the better (3) management issues, again recently made more clear (4) financial sector in general being out of favor given increased regulatory concerns.

      Stock in GNW is indeed something for an investor, the turnaround won't occur overnight (unless there's M&A activity which cannot be foreseen).

      I applaud you for your patience.


      Sentiment: Buy

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