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Alpine Global Premier Propertie Message Board

C_Wallis_Jr 12 posts  |  Last Activity: Sep 12, 2014 3:37 PM Member since: Dec 20, 1998
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  • and accumulation. They appear to have lots of confidence in the future of the company.

  • to others company: COP (1.65), XON (1.04), MPC (.27), and the industry average. (.33). And the current dividend is 4.7%.

  • 187 adults . They have to look for more and more pathetic ways to put your money in their pockets. Their excessive avarice and cupidity are slowly bleeding the country.

  • From December 2013 investors conference:
    "We have said repeatedly that we believe we have adequate long-term care reserves with a margin for future deterioration, and our presentation today provides support for these conclusions."

    He said WE BELIEVE not WE ARE ABSOLUTELY, 150% SURE that GNW has adequate reserves. Only lawyers would turn this was a statement materially false and misleading and/or lacked a reasonable basis.

  • than commit $190,000 of their own money to buy on the open market?

  • Reply to

    I called this one correctly days ago.

    by cdh333mom Aug 7, 2014 2:33 PM
    c_wallis_jr c_wallis_jr Aug 7, 2014 5:37 PM Flag

    GNW did not have bad earnings!

  • had the following positive results with a 9.8% increase in book value to $32.68, it's worth 24% less (or 40% of book value) because of they are conducting a review of their long term which may or may not increase its long term care insurance claim reserves which may or may not be material.
    --Net income of $176 million, or $0.35 per diluted share, compared with net income of $141 million, or $0.28 per diluted share, in the second quarter of 2013.
    -- Net operating income of $158 million, or $0.31 per diluted share, compared with net operating income of $133 million, or $0.27 per diluted share, in the second quarter of 2013.
    --Net investment gains were $20 million in the quarter, compared to $15 million in the prior year. .
    --Net investment income increased to $813 million, compared to $805 million in the prior quarter.
    --Net unrealized investment gains were $2.1 billion, net of taxes and other items, as of June 30, 2014 compared with $1.3 billion as of June 30, 2013 and $1.6 billion as of March 31, 2014.
    -The fixed maturity securities portfolio had gross unrealized investment gains of $5.2 billion compared with $4.0 billion as of June 30, 2013
    FROM LAST QUARTER'S REPORT : As of March 31, 2014, the number of states approved as part of the 2012 in force premium rate increases remained at 41. The company expects to achieve $250 to $300 million of premium increases when fully implemented.
    FROM THIS QUARTER'S REPORT: The company is continuing to invest in distribution and marketing to increase LTC sales over time and expects to begin seeing some impact from these actions during the second half of the year. In the fourth quarter of 2013, the company announced that it has started to file for regulatory approval of its Privileged Choice Flex 3.0 product and expects to launch this product in July 2014.

  • In a report published Thursday, Compass Point analyst Ken Billingsley reiterated a Buy rating on Genworth Financial (NYSE: GNW), but lowered the price target from $23.00 to $16.50.

  • to create exciting profitable products for the future. These products could generate lots of future revenues for the company. The market assumes that GNW will play dead in the area of long term care and life insurance.
    The issue of reserves is probably excessive which serves the interests of the shorts (hedge funds) and the class action lawyers who will sue a company for putting a period in the wrong place.

  • Total Cash .. 77.54B
    Total Cash Per Share .... 156.15
    Book Value Per Share ....32.68
    Revenue .. 9.47B
    Revenue Per Share ...: 19.11
    Gross Profit ... 2.85B
    Diluted EPS ... 1.29
    Qtrly Earnings Growth ... 24.80%

  • had the following positive results with a 9.8% increase in book value to $32.68, it's worth 13% less (or 43% of book value) because of they are conducting a review of their long term which may or may not increase its long term care insurance claim reserves which may or may not be material.
    --Net income of $176 million, or $0.35 per diluted share, compared with net income of $141 million, or $0.28 per diluted share, in the second quarter of 2013.
    -- Net operating income of $158 million, or $0.31 per diluted share, compared with net operating income of $133 million, or $0.27 per diluted share, in the second quarter of 2013.
    --Net investment gains were $20 million in the quarter, compared to $15 million in the prior year. .
    --Net investment income increased to $813 million, compared to $805 million in the prior quarter.
    --Net unrealized investment gains were $2.1 billion, net of taxes and other items, as of June 30, 2014 compared with $1.3 billion as of June 30, 2013 and $1.6 billion as of March 31, 2014.
    -The fixed maturity securities portfolio had gross unrealized investment gains of $5.2 billion compared with $4.0 billion as of June 30, 2013
    FROM LAST QUARTER'S REPORT : As of March 31, 2014, the number of states approved as part of the 2012 in force premium rate increases remained at 41. The company expects to achieve $250 to $300 million of premium increases when fully implemented.
    FROM THIS QUARTER'S REPORT: The company is continuing to invest in distribution and marketing to increase LTC sales over time and expects to begin seeing some impact from these actions during the second half of the year. In the fourth quarter of 2013, the company announced that it has started to file for regulatory approval of its Privileged Choice Flex 3.0 product and expects to launch this product in July 2014.

  • Not bad assuming they continue to pay 30 cents a quarter. I also like the fact that its trading at 10 of sales, substantially below enterprise value with a PEG of .53. Even with the recent government decision, I believe that earnings will be even better net quarter.

AWP
7.04-0.07(-0.98%)Sep 15 4:01 PMEDT

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