MGIC Investment Corp. (MTG)

[tommiegun53]

DOUGLAS HARTER, CREDIT SUISSE HAS BV AT $8.07 BY 12-31-17

I'M starting see more on D. Harter. He's an analyst at Crédit Suisse.

OK, OK.....
SO CASH USED to buyback stock is gone forever and, it lowers Shareholder's equity, which reduces book value per share.....

Over the next few years MGIC will use cash to buyback stock, which will drain cash flow and lower the book value of MGIC INVESTMENT.