Keep in mind the seasonality of the results. in addition the company is realeasing loan loss reserves this quarter but increased them to 29k per loan. Guess I was right Tommie wasnt I?....Operations came at a loss. However, company will continue to EARN it way out and be able to write existing business for the remainder of 2013.
That was last quarter, Q4. The highest reserves in the history of the company history, $29,510, that's according to the president, SA Ibrahim.
This quarter earnings, GAAP earnings, the kind you like, that's according to Bob Quint, CFO.
Sleestack, you were right about the results but, I was betrayed. Radian management chose to put even more money into an over-reserved situation. I believed they did it to make idiots of those that started the stupid house of cards scam.
You're smart and a good trader. But, nobody knows all the facts. Sometimes I think you report to a higher power, you're boss. You don't seem totally free.
You change your price forecast yesterday morning within 45 minutes from we were headed below $6, to we were headed to $7. Three weeks ago you said we were headed to $10.
Your forecast will all come true eventually and we will both win....
have not changed my tune Tommie....you just dont understand different opinions. I am long the stock but said it would lose money in the 4th quarter and you said the opposite. HMMMM...who was right? You were wrong and I was right on the 4th Q. Does is really make a difference if we are both long term shareholders? Take the veil off from you face and realize that there is a world and opinions outside of your own that might actually be correct and your perception of reality/truth wrong. RDN is a buy for hte long haul but NO ONE is every right 100% of the time.
Peace out as EX would say......sorry for the spelling had too much vino tonight!:
Long RDN a bunch of shares......and yes I have been wrong on some of my short term calls....Tommie there are no absolutes in investing....Period.