Genworth MI Canada Inc. (MIC.TO) Buy, Sell or…

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Daily Stock Opinions and Ratings

Genworth MI Canada Inc. (MIC.TO)

43.48

-0.02 (0.05%)

as of Apr 5, 2021, 8:00:00 pm Market Open.

65 watching

BUY

Doesn’t know if they will raise the dividend. It is a good hold. A core stock that he doesn’t look at too much.

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TOP PICK

(A Top Pick Aug 13/10. Up 9.09%.) Trading at about 8 or 9 times PE. Have bought back stock and increased the dividend. Thinks Canadian real estate is fairly stable and expects an up tick. Almost 4% dividend.

PAST TOP PICK

(A Top Pick Jan 22/10. Up 8.33%.) Extremely cheap. Quasi-oligopoly as there’re only 2 players in the space. Good margins. Did a share Buy-Back and is expecting another this year.

TOP PICK

Insures mortgages for people with low down payments. Has 30% of the market. Has to be better on execution than government owned CMHC, which it is. Have bought back $325 Million of stock and raised dividends 23%. Good visibility and consistency of earnings.

HOLD

Great company but has been bouncing all over the place for the last 6 months. Good dividend. Risk/reward is good. Good long-term investment.

HOLD

Mortgage insurance. Has had kind of a muted performance but a lot of the market has been quiet over the summer.

PAST TOP PICK

(A Top Pick May 21/10. Up 2.47%.) Still likes.

PAST TOP PICK

(A Top Pick Aug 26/09. Up 13.61%.)

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TOP PICK

(A Top Pick May 21/10. Down 6.74%.) No debt and sitting on $5.5 billion of assets when they went public last year. Parent Genworth (GNW-N) owns 57%. Debt-free until they borrowed $275 million to trade debt/equity ratio. Instituted a share buyback in the next few weeks and will buy back 325 million shares between $24-$28, which will be accretive.

PAST TOP PICK

(Top Pick Aug 26/09, Up 10% Total Return) Not happy because he has been up considerably higher. It is a buy at the moment.

DON'T BUY

5.86% bond maturing June 15/20. Doesn't understand or like this company very much and would want to own their bonds for 10 years.

TOP PICK

Mortgage insurance. Dropped when it was taken off Morgan Stanley International index. Had nothing to do with fundamentals, which are still good. A duopoly with CMHC, which probably controls 96% of the market giving them pricing power. Debt-free and overtly capitalized. Excellent management.

TOP PICK

Most attractive sub sector in financial services right now is anything related to the mortgage lending market. This company provides mortgage insurance. This area is an oligopoly in Canada with CMHC being in the only other player. 3.5% yield and good growth profile.

BUY

(Market Call Minute.) Valuation is just slightly over BV so it is very cheap. ROE is good. Doesn't see a big cataclysm in the Canadian residential market.

TOP PICK

Residential mortgage insurance with a 90% guarantee. #2 in Canada next to CMHC, which has 100% guarantee. Very high-quality business.

Showing 46 to 60 of 61 entries

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Genworth MI Canada Inc. (MIC.TO)