The cc was good in my opinion as well...classic panic manipulation sell so big guys can buy up more.
I'm not understanding?
Earnings missed by a few cents but revenue came in higher than expected. Why is this down so much? You would think this posted horrible results and lowered guidance, none of which happened? Seems like a necessary pummeling (unless there is something I don't know)? I don't need shorts to respond as your goal is to scare people into selling. Real replies are appreciated.
Big story about the Company. I could see this leading to an SEC Enforcement action...
A Whistle Was Blown, but Who Was Listening?
A former employee of Radian, the mortgage insurer, raised red flags and found himself in a lesser job; the S.E.C. has so far been mum.
Doug Kass, please short your own stocks before short the market, OK?
I meant to say, seems like an unnecessary pummeling!
This is ridiculous: ESNT at 2.6X BV, while RDN is at 1.4X BV. Gap is way too high-- simply because ESNT doesn't have a legacy, pre-2009 book. The pre-2009 book will continue to move away over the next few years, as such RDN's multiple of earnings and BV should continue to push higher. I see RDN at $40 in 2 years-- a double in 2 years, not a bad return. ESNT's opportunity not nearly as large, as I can't see their P/BV multiple getting any higher. The stock will have to rely on earnings growth alone without multiple expansion. GO RDN.
RDN should go down 20% in a day.
Peak mortgage.. RDN should have PE of 6.
Doug Kass. You Fcked up, man.. you
warningseee thiscrashingcrashingbelow $15 run run tol the exit exit door bevery very afraid to loss alotlot more money get outout before everyonestart to dump dump their shares below $15 letthedumpng dumpng below $15begin
I'll add on top of my previous comments: RDN will be one of the biggest beneficiaries of Trumps proposal to cut the corporate tax rate. RDN, because it is a company that does 100% of its business here in the US, pays a very high tax rate. In the 4Q of 2016, they paid 37.5% of pretax income on taxes. To put it another way, lowering the corporate tax rate to 20% would mean that their earnings in the 4Q would have been 35 cents per share instead of 27 cents. And 2016 they would have earned $1.72 instead of $1.37!! For 2017 the average estimate is $1.80 (vs. 1.37). With a 20% tax rate, the $1.80 would instead be closer to $2.20!! Also, Book Value would go higher-- closer to $15.60 by year-end 2017. Quick take on 2018 would be $2.55 in earnings and BV over $18. That puts RDN into the 30's by sometime next year.
Thanks for the tip, I did some research and found more information about $RDN on http://monstastocks.com/?s=RDN Sam's axiom: 1) any line Making money investing.
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$ASPS 70 % Short Squeeze in affect on mortgage servicer ! Wow
Do you think the 21.6% growth is strong enough to justify its share price?
Radian Group Inc (RDN): Is it now really a good time to buy?
Radian Group Inc (NYSE:RDN) is considered a high growth stock but some investors are starting to doubt its last closing price of $19 can be still justified by the high growth potential.
Don't know if RDN longs have seen this-- but RDN just broke out of a LT-- really LT cup and handle formation-- that was almost 7 years in the making. One side of cup-- March 2010, high of 18.68, say 19. Bottom around 2 Sept/Oct. 2011. Other side of cup/beginning of handle May/June 2015 also around 19. Bottom of handle Jan. 2016 and again May 2016-- at around 10-- almost exactly half of the cup decline, and as it should be. Recent top completes the formation, and the breakout above the 18.50-19 level means that RDN is headed much higher. The formation suggests that the ultimate top is equal to the decline (19 to 2 or 17 points) added onto the breakout. That means 19 breakout line, add 17 to that = $36/share. It could potentially get there in 18 months-- as it took about 18 months for the handle to form. I've owned RDN since 2011, have been following it ever since, and cost is roughly 2.50.
Who says RDN isn't poised for potentially massive upward movement? How can it with performance % (quarter|performance % (q)|performance (quarter)} sitting at 38.41%? Im not sure about you guys but awesome-STOCKS has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
is ceo still leaving and rdn stil a possible for sale. all mentioned in 2016. thank you
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Why down today?
Any thoughts on the money (was it 125, or 150mil?) they set aside for share buyback when the price was back in the 9s? Not sure why they didn't pull the trigger back then. Pay down more debt?