agree..excellent article ..especialy this "The likes of Arch Capital and Essent Group can afford to pay book value for the business, which is roughly $1.8 billion, according to Genworth's statutory statements" and that is, ladies, at the moment the market cap of the whole Genworth. If we keep in mind maturing debt in 2018 "only" 600 milions, there comes 2 conslusions here:
1) company cannot go bankrupt
2) the fair value of GNW is far over 1.8 billions
I mean this articles shows the worst scenario...and says, that even the worst scenario is beneficial for current pps of 3.62
Conclusion: enjoy the slow but steady pps growth
sorry, ..but I can read the book value is growing...not long time ago it was about to bankrupt..book value at zero level...now the book value is over 6 bucks...and growing...go ahead, take your money and manage your own company...if you cannot do, then keep the money here but do not blame them for good job they have done...because they do, while you are blahblahblahing..
you guys are morons...management is doing excellent job..they have made perfect turnaround...and that is exactly their job... The company in long term is getting stronger every day...every number is every quarter stronger...it is not their business to care about short term ups and down of stock chart
reserves are at the end still their money...better reserves then some stupid acquisition...once they are super overreserved..then they will start to pay dividends...or do buybacks, if their book value will be higher then pps
the value can be never manipulated forever...if they keep on being profitable, the it is only the question how long the run will be once it starts
because it is finaly getting to be turnaround story...charts are only the results of something, never the cause of it..
Sales volumes will continue to climb through May, as the existing pipeline of submitted policies go through the underwriting process. We're focused on reducing overall US life insurance and headquarters expenses on an annualized basis by $150 million by the end of the second quarter of 2016.
In fact, tradingadollar is just introducing himself....you were suposed to answer him: Nice to meet you, I am Joshua :-)
then there is no reason for pps to stay below 10....period
we will have for few days 10-20% upward daily trend...and today over 20%..because of MASSIVE short covering :-)
it seems we will see it over 5 soon...
in fact he is a prfect advisor of stocks to buy. When he does not like something. I smell money. The same like with MDR..he said avoid at 2.70..and voila, month later it is 4.55 :-))