Replies to post #360 on Genworth Financial Inc (GNW)

[inflationista]

the bank deal is contingent on the the approval of OTS and the reception of TARP funds -

if we get TARP funds, and the market has a good week we could see some good share price appreciation, IMO -

i would love for them to use that TARP money to buy a BUNCH of corporate bonds right now -

GNW 2014's at 5.75% are on sale for like 48 cents on the dollar -

with their hold to maturity value doubling and yielding over 20% to maturity, they could sell some crazy 10% annuities and pocket a good sum of the difference -

one can hope, anyway... -

come monday, come what may -

:)

you been holding your end of the deal up selling a bunch of GNW products?