Insiders bought at $5.15. But they needed to the money to bring their risk-to-capital ratio to 20-to-1. So while we're buying thinking $5.15 is the new floor, management actually just needed to the money to help their R-2-C ratio because the business is in a bad way? In other words, is it possible that the plan to buy at $5.15 was a desperation play by management for their R-2-C ratio and not a great buying opportunity for insiders?
I mean, the stock is up 80% in a month or so, are we expecting too much if we expect more? Why wouldn't the price be closer to $5.15 than $5.00 if this was such a great opportunity? It's not like MTG isn't facing some scary issues (legal matters)... I'm nervous.
The management did everything they can to make this company survive and the sense of you word is doubt and not very thankful. Come on friend, now everything fallen into place and still your nervous? Be a man and buy as much as you can. It is a great buying opportunity for all of us.
Absolutely right! MTG was traded as a nearly bankruptency status. When this concern is gone, people see clearly the bright future ahead. With the fast recovery of the housing market, a frofitablt MTG is not far away. I would see the pps will reach $20 or so by 2014.