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Radian Group Inc. Message Board

  • tommiegun53 tommiegun53 Jan 14, 2013 4:09 PM Flag

    Radian Gets Rid Of FGIC Reinsurance Deal And JeffCo Transaction

    Deal was balance sheet neutral as unearned premiums and contingency capital equal $52.4 million payment.

    I believe the deal was rated BIG so, it will improve risk profile of Radian Asset Assurance.

    Sentiment: Strong Buy

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    • As Radian strengthens it's balance sheet, capital and shareholders equity will firm. Implied and statistical(historical) volatility will decline. Stock price will increase.

      Sentiment: Strong Buy

    • After reviewing the SEC documents relative to FGIC, I am fairly certain all of the net par outstanding was rated Below investment grade. FGIC was in rehabilitation with the NYID.

      Sentiment: Strong Buy

    • I agree Tommie. Lower risk, better capital position, translates to higher share price. We may be moving sideways in Jan but next month we will see a jump again. holding tight.

      Sentiment: Strong Buy

      • 1 Reply to kravity
      • Agree, but I expect the next wave of rally will come much earlier.
        This week mainly is the play of those option market makers vs their short term players.

        I guess, the lifting will start at this Friday last hour or next Monday.

        As to some respected fellows with great market vision or great T/A, or speciality, their view about our financial market, or the MI related :

        Person Length type view action/remark date
        Warren Buffett 10-30 yrs Long big money in 11/'12 news
        Elaine Garzarelli 6-12 Mo Long Very Bullish 1/11/'13 NBR
        Dannis gartman 1-3 Mo Long Bullish & longer today FastMoney

        Sentiment: Strong Buy

10.14-0.65(-6.02%)Jun 24 4:03 PMEDT