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STOCK BUYBACK PLANS OF MTG BENEFIT FROM CASH FLOW

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tommiegun54   Monday, 12/23/19 10:36:17 PM
Re: None
Post # of 1047 
STOCK BUYBACK PLANS OF MTG BENEFIT FROM CASH FLOW

MGIC INVESTMENT has repurchased STOCK through share repurchase plans for several years. The cash flow will continue to benefit SHAREHOLDERS.

NET CASH FLOW UP 19.6% IN 2019 TO $611MM* v. $663MM* NET INCOME.

While net cash flow from operations increased 19.6%, net income was STEADY as of SEPT 2019.

CASH IS KING because, it is the money left after expenses and other liabilities are paid during the period, ie. Without net cash flow remaining, MGIC would not be able to pay a SHAREHOLDER DIVIDEND, STOCK BUYBACKS etc.

Many investors look to growth in REVENUE and NET INCOME as guiding principles when investing. However, they would be much better to look at NET CASH FLOW as well, when considering the BOTTOMLINE.

CASH FLOW was $458 million for the nine months ending SEPT 30, 2019 v. $383 million SEPT 30, 2018, A 19.6% increase in net cash generated from operations.

NET INCOME was $496MM FOR NINE MOS. ENDING SEPT 30, 2019 and $512MM for 2018 same period.

Data from SEC 10Q SEPT 30, 2019

*$458MM cash flow and $496MM net income projected for FYE 2019

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