MGIC Investment Corp. (MTG)

[tommiegun54]

MGIC IS A CASH COW WHILE THE GROWTH COS STRUGGLE TO HAVE CASH ON HAND.

I HAVE BEEN TALKING ABOUT THE FACT THAT ESSENT GUARANTY AND NMI HOLDINGS DON'T HAVE THE NECESSARY CASH ON HAND FOR OPERATIONS FOR OVER TWO YEARS, THEY GOT HIT HARD BY COVID-19 AND HAD TO ISSUE STOCK IN JUNE 2020 TO FUND THEIR "LOAN LOSSES AND LAE" RESERVE.

If ESSENT didn't borrow from the bank $700 million, they have had to issue even more stock to capitalize their operations. The reason they fell short of analyst estimates was they wanted bring loan loss reserves back to level of December 31, 2019, pre-covid.

But, wait the $11,000 reserve does not nearly match their per loan claim cost. They have to borrow money from the bank to pay their claims.

NMI HOLDINGS wanted to appear strong and meet or exceed analyst estimates. But, when ask by the analyst when they will pay a dividend, they said no time soon.

RADIAN is in good shape CashWise and started paying a dividend comparable to the other PMI COMPANIES IN Q3 2020.

As of September 30, 2020 MGIC Holding Company cash was $871 million versus annual interest payments of $66 million.

MGIC IS LOADED WITH CASH AND CASH IS EVERYTHING...