I've always made money based on his advice and my own due diligence. But wait I'm really talking to myself seeing how Soulec and I are really the same person. I must pat myself on the back for being so smart and listening to my own advice. Clowns.
I've been adding to my HK position. They reported earnings last week and after a brief dip below the 50 DMA it has held above since. Besides good ole GNW didn't drop low enough today anyways. I was so looking forward to the 14's again. Still got my HERO calls too.
European debt crisis contagion. Nope.
Debt limit crisis one. Nope.
Fiscal cliff crisis. Nope.
Debt limit crisis two. Nope.
Government shutdown. Nope.
Emerging market catastrophe. Nope.
Ukraine? Fill in the blank.
Sorry Wall Street, the world has not stopped spinning on its axis and the sun will come up tomorrow. Might not see it here in Jersey but it's there.
If we dropped into the 14's I'd like to thank you Wall Street boys in advance for another profitable year in 2014.
Why? Answer below.
2013 EPS 1.19
2014 EPS 1.44 via analyst estimates GNW website
2015 EPS 1.77 via analyst estimates GNW website
2016 EPS 2.10 via analyst estimates GNW website
That's right the 65 year old in the Midwest isn't buying LTC because of Ukraine. Or that young couple down south isn't going to buy that house that requires Mi because of Ukraine.
Next crisis please.
My only problem with RDN's stock price is how much on an EPS basis and BV basis is priced in already. If you get my drift? When do the good old boys on Wall Street turn and say X amount is already priced into the stock.
I am not surprised. Action was weak all day. AKA no volume. We will know by Wednesday if the charts play out the same.
Looks like Zacks is first out with a positive article about USMI. Because, you know, they didn't know this 3 weeks ago when GNW reported earnings.
10 million shares brought it down. 10 million brought it back up. At one point about a million plus shares were swapped by somebody at .08. 8 cents was the mark. No worries here. Pre planned action is what I saw.
On a separate note.
1) that time frame I mentioned over the weekend seems to be playing itself out now. RSI and MACD look to have similar patterns. All around options expiration.
2) one of my pickups on my route is a business that ships out architectural tables and similar products to construction sites all over the country representing approx 20 to 25 percent market share. Business is definitely up year over year but don't know if it's him stealing market share.
I hear you. My plan is to buy those calls we talked about to represent my common into Jan 15. Hopefully the short term weakness will subside GNW will turn around and I'll start selling the 17's. Why 17. 1.13*15=16.95. If they get called away at 17 I will still have my calls to represent any possible upside. I think that makes sense.
Been watching the action between deliveries. Looks like a buyer might have stepped up when the seller unloaded those million plus or minus shares. GNW usually drops lower when the seller steps in. Could be just a function of the overall market. Some of the selling is coming from those option boys who got the 15's on the cheap when longs got spooked by that 2 dollar drop right before earnings and sold the 15's cheap, I think. Real question is does whoever let GNW run to 16 to get those cheap as well? Those option players don't like holding that common for too long. I keep an eye on the daily RSI and GNW may run a little higher today based on that or the seller just might crush us again.
The lack of upside in share price off of last earnings report is a concern. Institutional holding has dropped by about 20 plus million also a concern.
Based on buyout speculation, do you think GNW is prepping itself for buyout or does a bigger player come in with a surprise offer? Secondly does your 18.6+ come from T/A analysis or from what GNW can add to a bigger players bottom line?
On to the dividend or lack of. If there is no dividend does that put a squeeze on GNW's multiple? It's been trading between 13 to 15 times TTM.
To be continued...gotta go play with my son.