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Radian Group Inc. Message Board

mrmojorisingdoors 1 post  |  Last Activity: Apr 20, 2015 7:53 PM Member since: May 2, 2001
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    Looking good in the neighborhood

    by breaker098 Apr 20, 2015 9:56 AM
    mrmojorisingdoors mrmojorisingdoors Apr 20, 2015 7:53 PM Flag

    Maybe they will get back to pre-recession share prices. But I'm not holding my breath. Look at the numbers for the company back in the 2006 timeframe. Book value was like $50/share. Today, book value is like $3 share. Analyst earnings estimates for this year and next year are about $1 each year. How many years would it take to get the book value back to pre-recession numbers at that rate? I know that book value is not the only thing that drives the price, especially for a financial stock, but it is one of several indicators of overall financial health of the company. So yeah, it will take years... more than I probably have left. I think this is a buy, but not sure about the lofty expectation.

    Sentiment: Buy

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