Good idea. At this point things are looking dire due to stock price. Tell street they are exiting LTC and place older policies into runoff. Not big deal revenue wise as only making them about $10M per quarter. This would likely lead to a massive share increase and clear up a lot of uncertainty with the stock. Really not sure why GNW not doing this.
Street is reacting primarily due to the risk factors mentioned at the very end of the 10Q which mention potential liquidity issue. GNW could be worth $27/share and be profitable in each of its business but if they cannot create capital quick enough to satisfy regulators then they cannot sell their products.
I believe this is a real risk but market is overreacting. They have raised capital to satisfy Mtg insurance business.
It would be nice to see something from management to save the company from this continued nosedive. Even if they wanted to issue stick it would be worthless. The BODs should change the CEO. If one an activist got involved.