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Genworth Financial, Inc. Message Board

  • soulec soulec Feb 18, 2014 12:05 PM Flag

    This worries me....

    "U.S. homebuilders' confidence in the housing market declined sharply this month as the severe weather battering much of the nation keeps many would-be buyers at home.

    Storms and cold weather dampened builders' outlook for sales ahead of the spring home-selling season and could further slow the pace of home construction.

    The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday slid to 46. That's down from January's reading of 56 and is the lowest level since May."

    I predicted MI earnings could be down this Qtr, sometimes mother nature can be stubborn! What I'm trying to help my friends with is this, lets say USMI profit is down 32% Qtr over Qtr?

    Three questions..

    Is that why buyers are being patient since 52 week high is 16.6X?

    Does MI still #$%$ LT investor's in GNW?

    Will overall 1Qtr earnings #$%$ Wall Street into a bear trap?

    Like it or not, weather has devastated economic growth in Jan/Feb!

    I know my friends waiting on $30 would love another buying opportunity to add cheaper shares!

    Paying attention to data is called DD, don't blame the messenger!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Doesn't seem to bother RDN (up over 1.2% right now) or MTG (up over 2.8% right now). GNW is a larger, more diverse, more sophisticated company. With a GREAT CEO who is shaking things up and make a huge positive impact.

      Sentiment: Strong Buy

      • 1 Reply to samjjensen
      • Looking for thumbs up Sam?, you will get a bunch! That has been one of my issues, GNW should be trading at a higher sp than RDN cause its not a pure play MI. Agree on the CEO, I was bragging about him before you showed up..

        I'm just trying to figure out why someone is holding the stock price down and why when all is right, its still trading 50% below BV?

        BTW...I'm long, I just like to make better decision on when to buy and when to sell, it really works!

        OK everybody scream with me...WHAT A GREAT CEO!!!!!

        Good luck friend!

 
GNW
13.99+0.28(+2.04%)Oct 31 4:01 PMEDT

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