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Genworth Financial, Inc. Message Board

  • profitize profitize Jul 30, 2014 6:47 PM Flag

    like mentioned on Cramer

    Tom said the issues with LTC as previously mentioned are 50k customers, in which, the overall reserve of the 1.2 million and the rate increases of 50% are sure to cover any shortfall. In addition, Tom states that the MI business may need 400-500m in capital by June 2015, in which, reinsurance will cover most of the requirements, if not they have the 514m from the Austrailian IPO. Once again FUD by the shorts win the battle, but they will lose the war.

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