IMO, no reason to be down-Sale of the weallth management division provides alot of cash for this company-With the new CEO making things happen, I'm impressed-Also with a tangible bookvalue of approx. $23, is way undervalued. GLTA longs.
GNW is one that our financial advisor strongly advised us to buy for our Roth IRA back when it was still in the $5.00s. So we're obviously delighted. That said, it is still considerably undervalued....and with the strong housing recovery going on, it's only going to get better. This is one of those stocks that will benefit short term those buying on goofy dips like these, along with those who are buying and holding for longer term. I just purchased some additional shares for my fun account at $10.01. I'm happy. Good fortune to all longs.