Radian posts 3rd-qtr profit
Thu Nov 1, 2012 7:21am EDT
Nov 1 (Reuters) - Mortgage insurer Radian Inc posted a profit for the first time this year, as it wrote more new insurance and recorded net gains on investments.
Third-quarter net income fell to $14.3 million, or 11 cents per share, from $183.6 million, or $1.37 per share, a year earlier.
The company wrote $10.6 billion of new mortgage insurance in the third quarter.
CONGRATS LONG! What about shorts. You shorts never learn...lol
Sentiment: Strong Buy
Beautiful! bernie!! With this news I can say: MI business is back!!!!! Watch TGIC!!!!! lol.......
I am Chivas, my problem with TGIC is I have a GTC order at $0.22/s but it never been filled up. It is 2 days now.
Pre-Market : 5.07 Up 0.38 (8.10%) 8:10AM EDT - Nasdaq Real Time Price
Sweet! We will be dealing with profit from now on all the way to $100.00/s lol Now i am very positive. He he he. Jett and Paid will be leaving us now, their job is done, unless they go long.
FINALLY!!!! the day we have been wating for!!! $7 per share today? or just $6 you think?