Business picking up for the MI's B. New mtge originations much more profitable than refi's.Weird day today. New high's then sell off on big volume. I guess that's whats going on with whole mkt. Probably good idea to cover short position since it's a losing trade.
Nice to hear from someone. No one posts anymore RDN either. Not like it's selling at 30PE. Housing setting up for a big surge. I think we see 12's soon. Shorts must be hoping for big market sell off. Doubt it. Even if that were to occur, I do not think we sell off that much. Either way not selling any shares for a year or two. This should be a great year for the MI's
Buying back convertible debt. reduces share count. Should be above 19 now.
It's been a no brainer for the last 3-4 years. No reason to sell now. Going to be a good year for RDN!