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Radian Group Inc. Message Board

  • sleestack76 sleestack76 Aug 3, 2011 8:54 AM Flag

    Valuation

    Book Value per share =8.48
    Deferred Tax asset Valuation allowance of =$5.78 per share
    1.2 billion of Valuation of current mortgage book= $9.23 per share
    New Insurance Written per year(Should be discounted)—Value of 75 million==.56 cents per share

    Even if the current book of business become worthless tell me where you can find such a compelling valuation in the market? Unbelievable buy right here for patient investors. Stock is a easy triple from current price.

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    • I am upside down on RDN with an average at 4.59. Im holding on however. If we drop below 3, ill load up again, but yes, this is a patient game if longs are going to reap the benefits. As CNN reported today, If the Dow closes down, the slump would be its longest losing streak since 1978. I don't know how much further the market can slump, but I feel that those of us with money who choose to throw money into RDN, MTG, and MBI can retrieve some long term (3-5 years) returns of 100-400%.

 
RDN
12.79-0.20(-1.54%)Apr 29 4:02 PMEDT