GNW continues to impress on a business level and reward investors who believe in the company's resurgence. After shedding 75% of their value in two years (2010-2012), shares of GNW hovered under the $6 level for most of 2012 before the precipitous rise they've enjoyed back to the $10 level. The gain in generation of value comes as no surprise - the company is buoyed by strong new leadership (CEO McInerney), a strengthening balance sheet and deleveraging from underperforming assets, and a robustly rebounding housing sector. The company is beginning to click on all cylinders, as noted in their most recent earnings report. Margins are once again increasing and revenues and bottom-line profits were both stronger than anticipated. Finally, the stock is trading at a near 65% discount to its tangible asset book value, or liquidation value. With any semblance of a continued recovery in the housing market, GNW has perhaps chance for more upward mobility than any other stock on this list.
Stratasys, Inc. (SSYS)
Last year, they released earning on April 25. It is obviously past this date. I'm expecting another #$%$ poor" quarter, and maybe another dividend cut (or their should be one).
any time soon.
Beneficial Mutual Bancorp in Philadelphia is the subject of a governmental
investigation into its residential real estate lending.
The Department of Justice's probe will postpone the mutual thrift's plans to
convert to a stock-owned organization. The investigation is being conducted
under "the Equal Credit Opportunity Act and the Fair Housing Act," Beneficial
The company said the Federal Deposit Insurance Corp. made a referral to the
Justice Department about its origination of home equity and residential mortgage
loans. A spokesman for the FDIC declined to confirm whether it made a referral.
I thought it was that way when they got killed 2-3 years ago. Let's hope for a different result.