sleeping with one eye opened
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I know...I was in both gnw and cno in 2009, crazy days those 10-20% daily rises...that is why I have jumped back to mtg in november. I was expecting the same story again :))
The stocks are heading where the future is, while earnings reflect only the past. That is the reason why this stock will close above 5.50 on Wednesday - I mean that is why you will see it green ... :)
Lawrence J. Pierzchalski - Executive Vice President of Risk Management
I'll handle the first question on rating agency. Obviously, we've been engaged in dialogue with Moody's and S&P who rate us. I think it's safe to say that they view this as favorable. As with everybody else, they're looking at what continues to happen with the current operating environment and sort of loss pattern and we continue to talk to them about that and they're obviously interested in what will happen with any capital standards, as well as what our volume is. So I think there's sort of been a little bit of a holding pattern to see how everything develops, but generally, I always view it favorably from a rating agency perspective.
"Returns on the new business are very strong and should continue to be so, given the outstanding credit quality of the business today, and more importantly, expected in the future due to the implications of Dodd-Frank and the qualified mortgage definition. And as I discussed, we have significant growth opportunities, both in expanding the amount of business insured by our industry or expanding the pie, as well as growing our market share within that expanding market. So all in all, I love the operating trends that played out in the first quarter and feel our company is in an excellent position to take advantage of the housing recovery."
"Cash and investments totaled $6.2 billion at the end of the quarter, including cash and investments at the holding company of $670 million. The increase from last quarter is a direct result of the March capital raise. Our next scheduled debt maturity is approximately $100 million due in November 2015, and we have sufficient cash to cover the holding company's liquidity needs for the next 4 years."
Cramer gives a good calls? Since when? :)
This is much more important that the jibbering of Cramer:
"Importantly, these older books should be under 50% of our total risk in force by the end of this year. We are pleased with the performance of the business written beginning in 2009, which now accounts for 36% of our flow risk in force and comprises 32% of our total risk in force.
Our new business is of high quality and is expected to have returns of approximately 20% over its life. These books have generated just 2% of new delinquencies received in the quarter and reinforce our belief that we are in a golden era of credit quality, and an improving housing market coupled with the outstanding credit quality of our new business. And our industry's growing share of business from the FHA offers us an opportunity that we are dedicated to capitalize on."
I talk about forest...while you focus on tree.
Ten till the end of the year. See you there - be sure about it :)
nothing has changed. See you at ten...
I think if nothing gets spoilt, MTG would see 6.00 tomorrow.
Windows users
Italy, France, UK are gaining quickly
This board is going down...I see OTCs and Pinks have found a safe harbour here. :(
The first nice action here will be delisting or reverse split...
all later nice actions then fully depend on Obama's administration only.
Normaly the politicians are the biggest crooks ever. So if there was a knowledge that USEC gets the funding, politians would let this info leak already...for golden pot. And stock would be now at minimum of 5.00 dollars...while it sits at 0.30
That is why I am still in waiting mode here... Risk ratio is too high here imo.
Do they still sell majority of production through the private company of CEO's hubby?
Produce -> Sell for costs to hubby's company -> Hubby makes the profit.
If this scheme still works - then Shareholders will get here the shining bones only.
Check it. I left this stock few years ago when realized this in their fillings.
I recommend you to read the SEC fillings instead two or three books about China.
Stop misleading people here, you are liar.
People do not have to wait for Bird flue spray announcement...as it was already announced and documentated in SEC filings.
They had no money to pay for it so they had to stop and leave bird flue project.And that is EXACTLY WHAT THEY SAID AND SEC FILLINGS ARE THERE FOR ANYONE TO CHECK.
People, do not trust liars and do your DD yourselves. Just read SEC fillings and you will get good Picture about the company. Or read and listen to pumping liars and then you deserve to lose your money...
-eom-
for earlier KWBT shareholders nothing, except some moral satisfaction as Corey Ribotski maybe will start to sweat himself finaly.
anything can happen till 30th April. But it looks like last few days 5.15 is trying to declare itself as the new bottom...we will see
they should do on next shareholders meeting and if I remember well, it should be in April...
it sounds reasonable. If they need more money to explore, then even this cannot help...
Total Cash Per Share (mrq): 2.52
Total Debt (mrq): 0.00
But it looks tempting
is there any eason behind the last month performance of the stock?
wait for the reverse split...even after it this stock will be risky but reverse split would bring it down even more than it is now. my opinion only .)
or AA !!! lol :)
That is good to hear you kept some shares, JJ8. I was sorry for you on last run - I think you sold at 3.20
Premarket confirms we might see again 10-15% and open with the gap.
Biggest losses are done on shares sold early. It is not difficult to make couple of times 10% on stock which makes hundereds of percents. The only problem is you must recognize turnaround stock and then glue yourselve to it. If you have confidence, you do not care about dips. And we will see dip again from 7.00 maybe back to 6.00 or even less...
But you never know how low it goes. And when it jumps. That is why I see safer way to stay in even if it is ready to dip.
I have on radar another turnaround story which should make few hundereds percents. Not ready yet because I expect reverse split there first possibly now in April. Stock is now at 0.33...US stock on NYSE. And still quite risky - but that is why it is so low. MTG was also risky in November 2012.
next stop 6.80...on its way to ten...6.30 will make 200% for me
company cannot announce divi if not approved by shareholders. They can only suggest dividend. And shareholders would be stupid to approve something like that. Benefit would go to traders only and not for holders...makes no sense.
Pps anyway starts to become very tempting. I keep it on radar for sure...
it will keep on jumping up and down. But you never know how high and how low...trend will be up though
it is "maxed out" for three years
They have no product, no revenues but huge debt.
Smart money are nowhere around...only desperate gamblers are touching this chinese pos.
Anyway, good luck with your expensive ticket
UPDATE 1-U.S. takes steps to ease burden on struggling homeowners
Wed Mar 27, 2013 11:37am EDT
(Reuters) - The top U.S. housing regulator said on Wednesday it will make it easier for struggling homeowners to lower monthly mortgage payments through a federal anti-foreclosure program.
Under the initiative, mortgage finance firms Fannie Mae and Freddie Mac will no longer require documents on personal finances or paperwork that records financial hardship from homeowners who are at least 90 days delinquent in order for them to receive a mortgage modification.
"This new option gives delinquent borrowers another path to avoid foreclosure," said FHFA Acting Director Edward DeMarco in a statement. "We will still encourage such borrowers to provide documentation to support other modification options that would likely result in additional borrower savings."
The program will only be open to borrowers with loans backed by government-controlled Fannie Mae and Freddie Mac . The two firms finance about two-thirds of all new U.S. mortgages, but account for a far lower portion of delinquent mortgages.
Officials did not provide an estimate of how many homeowners would be able to qualify; only about 3.3 percent of mortgages backed by Fannie Mae and Freddie Mac were deemed seriously delinquent in January, according to FHFA.
Since the two companies were seized by the government in 2008, they have completed 1.3 million loan modifications.
Fannie Mae and Freddie Mac are paying mortgage servicers to process each modification. The companies will absorb the losses on loans or mortgage securities they own.
Officials said the initiative aims to encourage servicers to resolve delinquencies earlier, help keep more borrowers in their homes and minimize losses to Fannie Mae and Freddie Mac, which have relied on taxpayer support.
Under the streamlined modification program, mortgage servicers will work with borrowers to reduce monthly payments by changing interest rates, extending the length of the loan term or providing principal forbearance, which postpones the repayment of a portion of a loan balance but doesn't permanently reduce it.
Homeowners who qualify must go through a trial period. Their loan modifications will not become final until they have made three consecutive payments.
The new initiative takes effect on July 1 and will end on August 1, 2015.
The Obama administration has placed pressure on the regulator to be flexible with struggling homeowners. Fannie Mae and Freddie Mac have been blocked by their regulator from forgiving loan principal. DeMarco has argued doing so would be too costly relative to other types of mortgage relief.
http://www.reuters.com/article/2013/03/27/usa-housing-mortgages-idUSL2N0CJ0QF20130327?type=companyNews
Is this directly related with QTWW? Thanks
smart money know that KWBT generates no revenues, has no product but has huge debt. Smart money are nowhere close around kwbt...
But maybe you are right, maybe somebody in kwbt will invent product again, maybe somebody will start to market it again and maybe there will be also a buyer for it again somewhere. And they will announce it at the end of month as you say.
But till know their score in above is 0 - 0 - 0
I think everything was posted. This stock goes to ten...My strategy will work here 100%.
I wish you to get into profitable mantinels with yours... :)
Do not put into my mouth something I have never said. If you read you see I was writting
2.16 to 1.55
3.20 to 2.40
the issue is that this stock has fundamentals and macroeconomic data to grow, so I do not have to be worried how deep the dip will be...
While shorting this stock has the catch - you have to quit in time. And if you know it goes higher again, then you cover your short position possibly too early or too late...
Ther will be correction and I wish you to be lucky with it. But simply I believe it cannot be recognized easily with all that buying power when to cover...
Just let us talk and see. I feel it safe to own MTG stock in 2013 and I am not scared of shorts. I believe shorts are health police... :)
I am sorry if you found my comments anyhow offensive.
no problem...do it. But till what price do you have balls to hold it? That is the million dollar question. If you believe it can go deep, short it absolutely...But if you are not sure, why to get stressed?
I have just come back home from office. If you find it funny...And I write comments to what is written. I give the facts and reasons. Some can maybe use it. Are you profitable long term?
if you are profitable long term, then congratulations...
but stock was 3.50 and you wanted to short. Based on no knowledge. You did and then you were scared a lot. If you do not trust your move, then you panic easily...and it is not easy to make money then.
I entered at 2.10....was perfectly ok when it fell to 1.55. Then it went up to 3.20....no problem with fall to 2.40...I knew what I own and I know where it should be heading. I feel comfortable and safe. Even if it falls under 5.00 for a moment. What is not very probable.
This goes over 10. That means 100% from here. We can check how long it will take you to make 100% with swinging it. I expect to be there within 10 months. At Latest.. :)
Good luck, cowBoE, I wish you to have lucky hand in stock picking.
P.S. Other point is I will not pay 15% tax from this huge profit, If I hold it for 6 months. So not even 2 more to go...I do not like to give money to corrupted government if not necessary. :)
Maybe some explanation to CowBoE and others is needed - what has just happened -
1) MTG has to keep risk to capital ratio in certain level othewise regulators will close MGIC. This offering brings enough money to get rid of all the clouds
2) Offering is not dilution as you know from typical OTC stocks followed on Ihub. Such dilution is issuing of shares and throw them to free market. MTG will get for offering of these shares at least 5.36 per share. They will sell it possibly for fix price. To make it easier let us say 5
you have 200M O/S and book value per share 1.00 usd
then you do offering for additional 200M O/S for 5.00
total you have 400M O/S and book value of (5+1)/2
In siplification this is just what happens. No more clouds and remarkable increase in book value in one time.
You understand now why we possibly again open with the gap? :)
do not be surprised if we open above 6.00 tomorrow.
it is ten dollars in few weeks....
Few idiots who do not understand the positivness of this offering started to short it after announcement..
They get burnt again and they deserve that for their foolishness.
why would anybody do such silly thing...see how you are nervous while shorting it... Your nerves will force you to cover on peanuts anyway, because you can be worried of 5.70 open tomorrow....I am not saying that this happens. But the odds are in favour of continues grows.
wow, anything particular has happened?