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This do nothing pos put all that out on a 8k Who gives a FCK.
Genworth owns 81% of Enact "ACT", which at $22/share is worth $2.8 Billion...and Genworth stock "GNW" at 4.21/share has a market cap of $2.1 Billion. They have $356 million in cash and look to reduce debt from 1.25 Billion down to $900 Million this year.
Mngt is talking about returning capital to shareholders, and spinning off shares of Enact would be a great way. GNW owns over 131 million shares of ACT,,,,they could issue 1 ACT share for every 4 shares of GNW we own. That would affectively be a 100% return
Most recent earnings call transcript;
https://seekingalpha.com/article/4444905-genworth-financial-inc-gnw-ceo-thomas-mcinerney-on-q2-2021-results-earnings-call-transcript
$GNW 13F out for Blackrock. They increased their holding 17% for the quarter to nearly 73 million shares for 14% of company. Seems to be a huge vote of confidence!
https://fintel.io/so/us/gnw
13K AND 5K BUYS YESTERDAY. VERY UNDERVALUED! PARTIAL IPO COMING
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
52 CENTS 4TH QRTR EARNINGS !!! SO UNDERVALUED RECORD EARNINGS !!!
STOCK WORTH $20/30BUCKS NOT 3.85 MONSTER 25 MILLION DOLLARS BUYS AT $4.146666666666666666666
MONSTER HUGE BUYS 745,000 AND 598,000 SHARES @ 4.14
THIS STOCK IS SOOOOOOOOOOOOOOOO UNDERVALUED. MADE 82 CENTS LAST QRTR AND HAS $7 SHARE CASH
EARNINGS OUT AFTER MARKET CLOSES ON 2/16 CC ON THE 17TH
UP UP AND AWAY. FOLLOW THE MONSTER BUYS
Yep - I saw that piece a few days ago.
Only this update from Glen Bradford on SeekingAlpha
https://seekingalpha.com/article/4379661-i-43-genworth-and-57-fannie-and-freddie-preferred
any news Ken?
Now ... ready to break $4
My $2 shares are looking very nice. Just getting started here...
Exactly! What potential pps do you see coming? I will share mines...
Be ready for a major shift in pps! Up we go!
BREAKING NEWS: $GNW Genworth and Oceanwide Provide Transaction Update
RICHMOND, Va. , Aug. 31, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co. Ltd (Oceanwide) today provided an update on the status of their pending transaction. As part of the 15th waiver and agreement, which extended the merger agreeme...
In case you are interested GNW - Genworth and Oceanwide Provide Transaction Update
* * $GNW Video Chart 08-31-2020 * *
Link to Video - click here to watch the technical chart video
BREAKING NEWS: $GNW 5 Penny Stocks To Buy For Under $4 Right Now; Are They Worth It?
Should You Have These On Your List Of Penny Stocks To Buy Or Avoid This Week? Looking for penny stocks to buy ? I’m sure you’re not alone. These low-priced stocks are the main attraction for thousands of investors every day. The broad appeal of making money with penny stocks qui...
Got this from GNW - 5 Penny Stocks To Buy For Under $4 Right Now; Are They Worth It?
News: $GNW Genworth Announces Pricing of a Private Offering of $750 Million of Senior Notes Due 2025 by its Subsidiary Genworth Mortgage Holdings, Inc.
RICHMOND, Va. , Aug. 19, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced that its indirect wholly-owned subsidiary, Genworth Mortgage Holdings, Inc. ("GMHI"), has priced $750 million in aggregate principal amount of its 6.500% senior notes due 2025 (...
Find out more GNW - Genworth Announces Pricing of a Private Offering of $750 Million of Senior Notes Due 2025 by its Subsidiary Genworth Mortgage Holdings, Inc.
News: $GNW Why Genworth Financial Stock Soared Today
Shares of Genworth Financial (NYSE: GNW) have soared today, up by 15% as of 1:30 p.m. EDT, following a report that China Oceanwide is working to secure financing for its acquisition of the company. Genworth separately announced a proposed private offering of senior notes. China Oceanwide ch...
Got this from GNW - Why Genworth Financial Stock Soared Today
News: $GNW Genworth Announces Proposed Private Offering of $750 Million of Senior Notes Due 2025 by its Subsidiary Genworth Mortgage Holdings, Inc.
RICHMOND, Va. , Aug. 19, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced that its indirect wholly-owned subsidiary, Genworth Mortgage Holdings, Inc. ("GMHI"), is proposing to offer and sell, subject to market and other conditions, $750 million in aggregate...
In case you are interested GNW - Genworth Announces Proposed Private Offering of $750 Million of Senior Notes Due 2025 by its Subsidiary Genworth Mortgage Holdings, Inc.
* * $GNW Video Chart 08-19-2020 * *
Link to Video - click here to watch the technical chart video
Added under $2 and just over $2.... ready for much higher...
Well, they bounced me out of INO for now. So here I am for the pop...
* * $GNW Video Chart 06-30-2020 * *
Link to Video - click here to watch the technical chart video
GNW didn't like the news today with the big gap down.. opportunity to load up lower while trying to fill the gap.
Bought size yesterday under $3.... will hold for pop...
You did the right thing. This will go on for a number of years with the rate increases. They have already told us that.
Once enough people drop the premium it will likely force additional rate increases.
there are refundable premium home care and LTC plans with no rate increases.If you do not use it you get back all your premiums plus a rate of return
Peachman,
Right you are.
My wife and I just got hit with a big rate increase again. About 3k a year between the two of us. We have been with them over 11 years.
Plus they say they are going to increase rates again in 4 years. Been with them though several rate increases.
This one was the straw that broke the camels back. We therefore are electiing paid up premiums at the current daily rate with no further payments. We are taking the money we pay and putting it into a segregated savings account to supplement any future care over our current significant contributions.
We have always paid before the end of the year for tax reasons and when I called to ask for this years bills on us both I mentioned at least you are not having to deal with people about another rate increase and the lady said zip, nada nothing about the fact the letters were coming out on another rate increase. There is no way she did not know the letters were in the works.
I called on a Thursday and got notice of the rate increases on Sat.
If as many people do like we are doing they are going to be lookin at massive cuts in income.
With our separate account we can use if for either of our care over and above Gen Worth money. If we don't need the money it will go to the kids.
Boing X 2
* * $GNW Video Chart 08-13-2019 * *
Link to Video - click here to watch the technical chart video
News: $GNW Brookfield Business Partners to Acquire Genworth's Stake in Genworth MI Canada Inc.; Genworth and Oceanwide Agree to Extend Merger Agreement
RICHMOND, Va. , Aug. 13, 2019 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) ("Genworth") and Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) ("Brookfield Business Partners") today announced an agreement for Brookfield Business Partners to purchase Genworth's majority in...
Got this from Brookfield Business Partners to Acquire Genworth's Stake in Genworth MI Canada Inc.; Genworth and Oceanwide Agree to Extend Merger Agreement
News: $GNW Brookfield Business Partners to Acquire Control of Genworth Canada
BROOKFIELD, NEWS, Aug. 13, 2019 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) ("Brookfield Business Partners") announced today an agreement (the “Purchase Agreement”) to acquire an aggregate of 48,944,645 common shares (the “Acquir...
Got this from Brookfield Business Partners to Acquire Control of Genworth Canada
Genworth had serious issues with its Long-Term Care book of business. They spun off of GE that was originally AMEX. Multiple rate increase will not solve claims and risk of LTC...
Good luck!
Has serious legacy issues!
Probably be in class action ph suit
Before long.
if their is a buyout of 5.43 why did it drop another
.24 cents to 4.33 that makes no sense to me! unless
I am missing something their balance sheet looks great
as of june 29 with a book value of 25.77 a share!!
holy cow!! most companies trade with book values many
multiples of their pps and here is GNW with a b/v ratio
of 0.17 I am thinking of putting some serious coin into
this one! GO GNW$$$$
They should be higher and in my opinion worth every cent of $10 or higher. But, they have a buy out price they accepted and the shareholders voted on of $5.43 a share.
can someone tell me why GNW is not trading at 10.00
or higher! they had a P/S ratio of 0.28 and a B/V of
0.18 they have 3.6 bil in cash and a lot of debt 5 bil
and they did 8 bil in revs this past year! what gives
here? GO GNW$$$$
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Genworth Financial, Inc.
(GNW)
SEC Filings
Genworth Financial, Inc., a financial security company, provides insurance, investment, and financial solutions in the United States and internationally. The company operates through three segments: Retirement and Protection, International, and U.S. Mortgage Insurance. The Retirement and Protection segment offers various protection, wealth accumulation, retirement income, and institutional products. It provides protection products that include life insurance, long-term care insurance, and a linked-benefits product that combines long-term care insurance with universal life insurance, as well as Medicare supplement insurance and wellness and care coordination services for its long-term care policyholders; wealth accumulation and retirement income products, including fixed and variable deferred and immediate individual annuities, group variable annuities offered through retirement plans, various managed account programs, financial planning services, and mutual funds; and institutional products, such as funding agreements, funding agreements backing notes (FABNs), and guaranteed investment contracts (GICs). The International segment provides mortgage insurance products and payment protection coverages. The U.S. Mortgage Insurance segment offers mortgage insurance products principally insuring prime-based, individually underwritten residential mortgage loans, known as flow mortgage insurance. In addition, Genworth Financial provides investment management platforms, client relationship management tools, and practice management programs. The company serves individual investors, institutional customers, financial institutions, mortgage originators, banks, building societies, credit unions, and non bank mortgage originators. Genworth Financial distributes its products and services through financial intermediaries, advisors, independent distributors, affinity groups, and sales specialists. The company was founded in 2003 and is headquartered in Richmond, Virginia.
Lastest Releases
2.19.09 - Letter from Pat Kelleher, CFO - subjects: Capital, Liquidity, and Financial Flexibility
2.17.09 - Message from Kevin Schneider, President - subjects: Mortgage Insurance Business and Ratings
2.10.09 - Investment Materials
Get More at the Investor Site.
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In the battle of good and evil good always wins; in this life or the next.
MOO!
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