Genworth MI Canada Inc.

MIC-T

Analysis and Opinions about MIC-T

Signal
Opinion
Expert
BUY
BUY
March 8, 2011
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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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.
TOP PICK
TOP PICK
February 18, 2011
(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.
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(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
PAST TOP PICK
January 20, 2011
(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.
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(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
TOP PICK
December 17, 2010
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.
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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
HOLD
December 6, 2010
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.
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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
HOLD
October 4, 2010
Mortgage insurance. Has had kind of a muted performance but a lot of the market has been quiet over the summer.
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Mortgage insurance. Has had kind of a muted performance but a lot of the market has been quiet over the summer.
PAST TOP PICK
PAST TOP PICK
October 1, 2010
(A Top Pick May 21/10. Up 2.47%.) Still likes.
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(A Top Pick May 21/10. Up 2.47%.) Still likes.
PAST TOP PICK
PAST TOP PICK
September 24, 2010
(A Top Pick Aug 26/09. Up 13.61%.)
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(A Top Pick Aug 26/09. Up 13.61%.)
TOP PICK
TOP PICK
August 13, 2010
(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.
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(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
PAST TOP PICK
July 29, 2010
(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.
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(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
DON'T BUY
July 21, 2010
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.
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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
TOP PICK
May 21, 2010
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.
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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
TOP PICK
January 22, 2010
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.
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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
BUY
December 3, 2009
(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.
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(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
TOP PICK
August 26, 2009
Residential mortgage insurance with a 90% guarantee. #2 in Canada next to CMHC, which has 100% guarantee. Very high-quality business.
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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