Claims denails way down for first two months of Q4, and now Freddie is going to make them double the speed at which they are paying claims. Without a capital raise these guys will run out of cash this year.
God must love idiots on Yahoo's Radian message board as he made so many of them. Now aside from insider buying (those fools must no less than nothing), and huge institutional interest and short sales representing roughly 30% of the float, you must be about the dumbest thing on earth. I guess once a year you come out from under your rock and print not just flapdoodle but sterile flapdoodle.
But allow me to ask you putz, how do you figure they will run out of cash, give us the benefit of your cash flow prolections, you are one world class #$%$ the reefer, it ain't just weed, the reefer knows what others can only hope to know.
Big Bubba just came into the room and the short sheep are clearly getting nervous..Radian is on a roll..I'm just upset that I sold at 3.50 months ago..Bad mistake by this prior long...30k mistake in fact...Ouch!
You really do not know what you are talking about! I worked in the MI industry for over 23 years. All those 'claims' have been fully reserved since the loan first went over 90 days delinquient and they have the cash on hand to pay them, totaling about $3 Billion, if I remember correctly. Your comments regarding capital, would only apply if they paid claims out of the HoldCo. Look at the balance sheet of the MI sub, and you will see the reserves and the offsetting investments where the cash backs up the liabilities of the reserves...