Dude! Do you know anything about GNW business? US Mortgage insurance unit is the only one that made Genworth alive. Without it, the stock will be in the penny zone and the company worth nothing because of LTC cancer division. If they sell US MI division, then what do they do in the meantime? Sit on the chair, eat and wait for LTC to collapse. Genworth can not afford to sell their MI division period. Talking about debt, don't worry. Based on Yahoo info, it got about $500m cash after debt. You say BK. Come on, don't listen to stupid idiot around yahoo board keep saying bk. Look at oil service companies, each got $5 BILLIONS debt and each got 0 contract for at least a year already and they still trade way above GNW price. That oil service companies will eventually shut down for sure.
a year already. This is a company with alot of workers that need paycheck. Rule of thumb, no contract no money; then the company has to shut down.
If you have any explanation, then let me know. I really want to hear it on the other way.
every time they announce earning, the results caused stock going down.
over. Soon their market cap will be equal to their cash balance.
A few years ago, some analysts expected that Dang and Jmei eventually disappear from the market because of other big online stores eat their pipe of revenue. I tend to agree with them now. Market will push them into role that is similiar to RENN
unbelievable. This is a must buy and wait it out for alot of gain in the future.
.........They think that GNW will file BK due to BREXIT.
BREXIT.....I have no idea why they sold out GNW today due to BREXIT and I think it is not pretty at all in the near term. What BREXIT has anything to do with GNW.
Dude stop dreaming....$1.5 again soon. You need to ask a question why Brexit caused a big damage to GNW and a lot of stock?
You have not seen it yet. Market will go down another 600 points on Monday. It is not the right time to get back into the market because the Dow just reached near the highest before off 600 points on Friday. I still see a few more days of turbulant.
I need to correct this. Based on Yahoo it has about $700m cash after debt and book value of $28. That is still attractive for $3.34 stock price.
No doubt the LTC division did the biggest damage to this company and I still believe it will be resolved soon by spin-off that division away from the core.
Where can you find a stock trading only $3.23 when its cash is $1Billion and book value is $25.