"Housing starts jump to near six-year high in November"
"WASHINGTON (Reuters) - U.S. housing starts surged to their highest level in nearly six years in November, a sign of strength in the housing market that could give the Federal Reserve ammunition to start cutting back its bond purchases. The Commerce Department said on Wednesday housing starts jumped 22.7 percent, the biggest increase since January 1990, to a seasonally adjusted annual rate of 1.09 million units. That was the highest level since February 2008 and only the second time since the collapse of the housing market in 2006 that starts rose above a 1 million-unit pace. The release of housing starts data for September and October was delayed because of a 16-day shutdown of the federal government in October."
The new data analyst can't see, the Deux factor, MI increasing to stability, but more important, increasing interest rates over the next 3 years. The holy grail, MI sizzle for a pure play company and stable to increasing interest rates for a bigger insurer to buy a quality company/management team and sell off MI or spin it off into a separate reporting company under corporate umbrella.
Slow and Steady wins the race when investing in insurance companies LT!
Happy Happy Happy!
Amen Brother, analyst are traders/investor's best friend, trade the agenda or buy value!
It's almost funny everyone is ignoring the 10%+- yield when in most years, wall street firms return investor's less than 10% a year on a conservative portfolio over an extended period.
Besides, if something happened investor's could take a tanker and turn it into a floating condo/party boat!
Like my odds again in this round, have a good holiday friend!
Some days analyst and firms brag about returns of 10%+-, other days they recommend selling a stock that returns 10%%+- dividend and sp is priced just above BV in valuation! Not to mention management has diversified, "shored" up the balance sheet, etc.
I'm thinking maybe a LT accumulate for this value sp, worst case I make 10%+- on my money? Anybody found any bonds, treasury or money markets paying that kind of return?
It just proves one thing, you can hang masters degrees, etc. on your wall ., but you can't teach them how the market really works or how to make investor's money.
My approach is similar to another trader on this board, plan on adding 20K trading shares on this weakness, added 5K on the dip down to 15.7X today! Hope for more weakness TMO, but to not start adding shares after this gap down from 16.8X could be a mistake! Could possibly see a gap up before it turns again!
Most of the selling is institutions adjusting portfolio's for YE!
I'll be much happier if I can go in big again in the $14's!
Could be more downside, lets hope so!
Its been awhile since my trading alarm wen off on SFL, that is a good thing. On the long/dividend side I'm happy, but looking for a trade to add more shares on weakness. So the agenda to knock on the 50MA door is in full swing today.
Time to watch; the gap down/gap-up/earnings worry/sell the black hole theory is in full swing!
Its a slap in the face receiving a big dividend, but i must fight the urge to scream, what about FRO, on my god tankers will be replaced by Amazon drones frying over the Atlantic by the million with oil in little yellow boxes!!!!!!
I should of posted off topic!!!!
Watch it and make some money, that is my philosophy! My Christmas present, 15.40ish, a Amazon drone, yellow box not included and a bottle of makers 46!
a good gauge for housing/MI sector. The trend, the bad news is offset by good news if you dig deep in earnings report. A couple of points, negative, government slowdown and tick up in IR! Positives, demand in 2014 positive plus new markets, the average house in the high end went up about 50K in 2013/2014, in the range of 700K to 800K+-. This overall is good news for Genworth, not to mention the 1-2 punch genworth has that other don't. The street will start to see this in 2014...IMO. It also makes MI as a buyout/spinoff, worth more in 2014.
The 1-2 punch, Genworth not being pure play MI has the advantage no other has, as interest rates go up, it benefits Genworth, so even if MI slows down the over all impact of higher interest rates is a huge positive for Genworth LT.
All in all, we end 2013 with momentum and the true LT value after run-up is our value play is becoming more attractive for LT institutional investor's who now understand the LT value in higher interest rates and a CEO who is successful and is a leader. I speculate the same, 2014 will be the year new dividend program will kicked off!
Plenty of bumps in the road, for serious LT investor, those could be opportunities to add!
Anthony, I thought you were a CPA? Anytime you increase debt, it has to be balanced with higher revenue. The good news, they paid off ST debt and increased LT debt in a separate offering. As long as MI continues to increase QTR/YOY, its a positive. Also, adds to speculation of a buyout with MI spin-off IMO
Agree with Joe, speculation of the bad days is priced in at current sp and if they can continue with current plan, LTC increase and increasing revenue, 18.60+ is possible in 2014 if they don't misfire or market meltdown, dividend in 2014 will put it back in LT hold/add portfolio's...IMO
I'm happy with my LT value investment and the market has done a good job pricing GNW sp based on current earnings and speculation on LTC, increasing interest rates in 2014, etc. If Tom continues to manage company down the road as he has so far; in a LT window excluding unseen global events and this healthy market, I can see the stock continue to move up with dividend program reinstated in 2014.
Also, We are 100% satisfied with Tom McInerney and current management and its now just a worry free stock, hope that continues.
Nothing else needs to be said, those who bought value in 2012 won the world series in 2013 and 2014, the story is still to be told for years to come!
Congrats to those who believed!
"That Xyratex is even sharing the headlines with Netapp and DDN is remarkable to me as both a growth and value investor."
Xyratex is superior to Netapp in technology IMO. Going from a "piece of storage" to developing their own technology was worth every penny they put into R&D, my vision for Xyratex in 5 years is such a high revenue number I don't even discuss it. My dream is they can stay independent and be allowed to bring forth what they created, but that will probably never happen, my only hope is HP buys them, that is the best OEM to develop the technology..IMO
To be honest with you Ben, I think Xyratex has stunned the storage business and the biggest problem, how can they roll out the demand, hence a larger company needs to be involved to accomplish that market demand two years down the road!
"Soulec, I agree with you but at the same time I feel like there is money to be made here"
We will all make money, but we will make less now because the deal stalled and there is no float to trade/invest. With stock going down from $12 to $10, they buyout price will be less, if it happens. If not and something happens, then BS has to unload all their shares, what do you think that will do to stock?
"It sounds like you got emotionally invested, could not agree more that Barber got shafted."
Nope, not emotional over stock, #$%$ that one shareholder destroyed the LT plan we all had as shareholders, BS made a mistake that cost everyone LT, it was a bad move and they risked their future on one horse, just because I'm the only one that calls it out, doesn't make me emotional, the Italians call it passion!!!!!!!!
Didn't say they were incompetent, it was a bad business decision and the fact that everyone ignores that is disappointing to me.
Nope, just an excuse to muscle in on a company and force them to sell before the profits from R&D become revenue. This is what your R&D money was spent on, technology worth billion down the road. XRTX management didn't need to justify their success to shareholders, their job was to bring forward best in breed technology for dollars invested in R&D. As far as BS, my god get off your lazy buttocks and either do the deal or allow shareholders to invest in the future of the cloud and technology. You have almost destroyed the company you want to sell, if you got in over your head, call me, we''ll do lunch and bring your checkbook, oh never mind bring cash I don't trust you!!!!
Ben and other investor's, have a good Thanksgiving holiday!
It's simple, 50% more performance and more reliable, dollars well spent management!
"DENVER, Nov. 19, 2013 /PRNewswire/ -- Xyratex Ltd (XRTX), a leading provider of data storage technology, today announced the newest member of the ClusterStor family of HPC and Big Data engineered storage solutions – the ClusterStor 9000. The ClusterStor 9000 dramatically raises the bar in terms of both performance and efficiency, delivering up to 50% more performance in the same rack space compared to previous ClusterStor generations including currently available 1500 and 6000 models. This market leading efficiency not only provides improved performance but also enables customers to benefit from reduced space, power and administrative costs, up to 60% better than competitive solutions. The ClusterStor 9000 also includes a number of significant Reliability, Availability and Serviceability (RAS) enhancements that improves ease of deployment and system availability to meet the demands of business-critical applications in industries such as Oil and Gas, Financial Services, Genomics, Intelligence, and more. The ClusterStor 9000 will be available through our partners in mid 2014.
"Existing home sales edge down, inventory flat
U.S. home resales fell in October due to an inventory shortage and high property prices that have dampened buying power and are expected to drag on the housing market recovery. The National Association of Realtors said on Wednesday that sales of previously owned homes fell 3.2 percent last month to an annual rate of 5.12 million units. Sales in coming months are also expected to be hampered by a lack of inventory on the market and a government shutdown that has halted some final property transactions. The trade group said the rate of newly constructed homes is disappointing and hampering the broader housing market recovery."
Key phrase, lack of inventory! As the recovery continues, builders will eventually increase supply and that looks good for 2014/2015 housing market. Not to mention, a small percent decrease in housing prices really doesn't hurt MI profit since analyst are comparing huge losses to increasing YOY revenue in division now!
With that said, I'm still hoping for a buyout, win win for all shareholders longer term!
say higher interest rates are imminent, I agree. That is the key to long-term shareholder growth in Genworth!
It's that simple, hold GNW and make money elsewhere, learn to walk away from a hold and use that money to make more...IMO!
Very little value left in the market, lets hope a downtrend is not imminent, but it probably is! Learn how to use a hedge to profit from a downturn in LT holds, my recommendation.
Also, for 2014 learn how to put all the bashers on ignore, lets try to make this board better in 2014!
They are only seeking attention, ignore them and they will slither away.....time to slow down and enjoy the Holiday's coming up with family......
I tried to convince the street Parker was the hidden value in international oil driller, US growth in domestic oil production will grow for the next decade, continued rig production for BP on North Slope and the wall of 7.60 finally knocked on/down today. We are now in a historical cycle and could reach, by end of 2015, a range not seen in a 10 year cycle.
We upped our price target today to the historical level level of 8.6X with a LT sp by 2015 of 11.8X!
By end of 2014 we see Parker starting a dividend program now that the overall business has changed from family to shareholder driven.
Congrats to those who loaded up value below $4, to me its in a hold(core position) till 2015 and add on weakness and profit taken after surges in sp.
You and I are in the same camp, I think the overall settlement is good and less is more. Probably digging in to deep for the balance sheet, but thinking out the flow thru, I think this settlement is the next step in implementation of a dividend program, that is better news!
If Genworth can settle for less than the $834M with BofA, lets just say its 560M, how does that change the balance sheet when in flows thru the company, I'll assume its a one time payout.
That is still a lot of money, is that money held in reserves(loss) and a known amount, with no changes to current balance sheet, etc? Would the settlement of lets say 560M+-(less than reserves) actually benefit Genworth BS if the amount is already in loss reserves?
I'm not a insurance expert, by no means!
Why can't you guys read? I didn't say their was a special dividend.
"if XRTX announces a special cash dividend for 2013."
You're dreaming dude, this is real! If you guys want to pay $12 $11 for shares when you could of added shares below $9, that is just plain stupidity. If you don't understand what is going on, read a book or two.
"That was an attempt to increase the hostile takeover cost to Baker Street."
Cost?, you idiot they gave them 20% to hold them off until they could plan how to deal with the idiot who tried to destroy the company and get inside information to sell the company.
You have no clue what is really going on, ask question or try to read what someone says, then respond in an intelligent way or at least join a debate, what happened to the intelligent life that use to post on this board.
You make n16 look Mensa!
When opportunity knocks, open the door!