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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

4:00 PM EST

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To: Rarebird who wrote (115972)	2/5/2024 11:24:25 AM
From: Rarebird	of 116791

MGIC: very brief synopsis. The company reported lower EPS and revenues because a couple of blue chip companies reduced their capital spending. These were customers.. Margins did not decline. MGICs offerings are top notch and very well received. J The stock, of course, did take its medicine and decline. I was not in the stock at that time. However, MGIC has a very strong Cloud business and cash position. They also had a couple of hundred workers leave to fight in the Hamas. I view this as a temporary set back and a buy here. The bottom took place in November when MGIC pre announced the shortfall. The stock rallied when MGIC reported earnings.

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