The following is a press release from Standard & Poor's:
-- GMICO-CA has a strong business risk profile and very strong financial
-- We are removing GMICO-CA and its holding company Genworth MI Canada
from under criteria observation and affirming all ratings.
-- The stable outlook reflects our belief that Genworth Canada will
maintain its strong market position, solid operating performance, and very
strong and stable capitalization.
Now were seeing some more substantial buys, not just window dressing. Still would like to see the CFO buy..have my doubts about him per being clueless per LTC issues etc...
Would take the downgrade with big grain of salt. I did not buy gnw in fall of 2012 when was around 5$ in large part because the analysts were negative on gnw and had pt's around 6$. Well, the pps climbed steadily to around 17$ share. Current market and gnw status obviously not the same,t back than MI was not profitable , LTC was in much better shape or so they thought.
KBW downgrade pt to 6$ than ceo insider buy and/ or strong market close fed rate hike will be good for Gnw maybe not so good for market
Hope your correct, never a great time for a CEO to sell shares but rather see near highs, when pps strong and buying during selloffs like past two weeks.
If not for much lower fuel costs in 2015 aal's eps would be down significantly...fuel savings this year will equate to about 7$ share of the 9$ estimate.
//Just so you know, all the analysts worth anything and certainly the real buysiders all look at the business ex fuel... and then smile at the fuel piece...//
Agree and basically why aal has dropped since 4q conference call weak prasm comments in addition to increased costs.. lower fuel is great for fcf but bad for pricing and not much else positive to speak of for over a year. Hopefully going into 2016 we will start seeing/hearing about some merger synergy benefits and marginal prasm improvement..