Uh, no. Doubt itll go under 2. It maybe even go up. While some of us were hoping for a miraculous 4th q, the results are pretty much in line with how everyone is saying the housing recovery is going to go...slowly. Things to draw on are that results for 09 are better than 2008, but certainly for those that wanted a quick recovery, we must at least look towards first q of this year and beyond. Im long anyway, so doesn't much matter.
Guess this will drop to 2 bucks, might go even lower. PMI unfortunately has a track record of way worse results than what the market was expecting. One of the worst MIs out there. Book value down to 8 something, not looking good currently.