In 2015, RDN will earn $2.50-3.00 per share, and stock will have risen above $35. It could triple in 2 years from these levels. It's pretty simple math, take a look at what RDN is earning this year, vs. what MTG did in 1997. MTG went above $70, had a peak market cap. of $8 billion-- when they were #1 and writing about the same amount of business that RDN did LAST YEAR. When delinquencies come down to more normalized levels. and their provision for losses goes down to more normalized levels-- both probably happen in 18-24 months, RDN will be a massive insurance profits machine. Remember that the weaker players went out of business, and RDN is now #1. Regulatory reform also is in their favor as the Obama administration will still be around (unfortunately for Americans, fortunately for RDN) in 2015.