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Genworth Financial, Inc. Message Board

  • soulec soulec Mar 15, 2013 9:55 AM Flag

    The other Blogger Report....

    Khan: Headline
    "Growth in Private Mortgage Insurers Not Enough"

    Khan: Conclusion
    "Based on the above analysis, I believe you can expect the private mortgage industry to deliver NIW (new insurance written) growth despite the decline in the overall mortgage market volumes"

    Does anybody know what he just said? A negative headline followed by a positive closing. Data provided by Credit Suisse that investor's can't understand nor has anything to do with the future sp movement of Genworth. It's simple, the reason for the increase in GNW stock is because of improvements in USMI, CEO and housing market recovery. It's the negative spin Wall Street associates; with expensive reports from idiots like Credit Suisse who pay highly educated experts to report data that common investor's never understand, instead of separating the facts. Fact 1: Genworth was priced for BK based on wall street idiots assumptions USMI would bring down the company, that by the way, is in the life insurance business and all they had to do was separate MI from the holding company and hire a reputable CEO to lead the company.

    Also, when we were pounding the table for investor's to load up below 4.60 the analyst were hiding under their desk talking about who they were going to blame for the meltdown. Is it me, or does wall street ignore basic math because if you "aint" confusing investor's with million dollar math/forecast you're not going to make million dollar bonuses?

    The math goes like this wall street and all you bloggers making up stories to pay your mortgage, below 4.60 Genworth had a break up value of 12.8X per share. How does this work with free math, another company could of bought Genworth for less than 50% of BV, spun off USMI and the company was worth at least 12.8X and had 0% probability of going BK. So to invest in GNW when it was below $4.60 had a 0% chance of losing money, even in court. Credit Suisse has a 49% chance of being wrong.

    Hint: apples to oranges!

    That my Blog!

13.205-0.775(-5.54%)1:23 PMEDT

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