The Panic-Proof Portfolio (Stockchase Research) MGIC Investment MTG-N PAST TOP PICK Nov 30, 2021

MTG provides private mortgage services in the US.  It trades under 10x earnings and under book value.  We like that it is building cash reserves, paying down debt and buying back shares. Recently reported earnings showed net income growth of 36% over the year.  We recommend placing a stop-loss at $11.50, looking to achieve $16.50 — upside potential over 16%.  Yield 2.6%

Our PAST TOP PICK with MTG is progressing well.  We recommend trailing up the stop (from $11.50) to $15.00 at this time.  

Our PAST TOP PICK with MTG has achieved its objective at $16.50.  To remain disciplined, we recommend covering half the position at this time and maintaining the stop at $15.00 

Our PAST TOP PICK with MTG is progressing well.  To be disciplined, we recommend trailing up the stop (from $15.00) to $16.50 at this time.  

Our PAST TOP PICK with MTG has triggered its stop at $16.50. To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 20%, when combined with previous recommendations. 

We are the parent company of Mortgage Guaranty Insurance Corporation (MGIC). MGIC provides products and services that protect mortgage investors from credit losses. This critical component of the nation's residential mortgage finance system helps families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. Social media mentions are up 400% in the past 24h.