Opinions
Jim Cramer - Mad Money
Radian Group Inc
RDN-N
BUY
Apr 08, 2024
$31.830
Stock price when the opinion was issued
finance
leasing
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COMMENT
People love to hate this. This space had a great re-rating. Coming out of the crisis, all of a sudden mortgage entitled insurance was a phenomenal business to be in and very easy. It had a really appreciable run. At this point the growth that you are getting and the multiple you are paying are pretty reasonable. There has been a bit of a breakdown in the charts and now, all of a sudden, they are fighting a major Short interest group, so it is a different kind of investment now. He would caution to be aware of what kind of risks you are taking on.
finance
leasing
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It thrives with more homes sales at lower prices. Up nearly 12% this year, and 45% over 12 months. It's reported several better than feared quarters as interest rates decline. Trades at a cheap 9x PE.