i expect that the outside accountants will re-instate the deferred assets, this was disallowed in 2011 and ditto for 2012, this totals roughly $850 million. If this is restored in quarter 1, it would mean about $5.23 in eps before losses which I assume will be about 40 cents. Only the Reefer knows these things, the one, the only, reefer madness
another full fledged idiot, they sold 30 million shares and additional debt to do three things, a) capture more business, get higher credit ratings and persuade the outside accountants to allow them to put back tax deferred assets on the balance sheet. I estimate by puttting back $850 million, the effect will be to allow Radian to show $8 a share this year exclusive of earnings! This thread attracts more than the normal share of idiots and you seem to be the leader of the pack. The reefer knows what others do not not, the one, the only Reefer
although Radian can use more capital to do more business and maybe the rating agencies will soon upgrade Radian's ratings to eventually BBB, the real reason is to convince the outside accountants, wary after Arthur Anderson's debacle with Enron, to allow them to put the losses of $850 million back on the balance sheet as deffered tax assets. If they do so, Radian will earn conservatively $8 a share this year. Even for the first quarter Radian in my view will be significantly profitable, maybe $200 million in profits for the first quarter.
The Reefer knows what others do not, the one, the only, the Reefer, it ain't just weed