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Strategies & Market Trends : Value Investing
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To: MCsweet who wrote (28710)11/2/2007 11:21:27 AM
From: Paul Senior  Read Replies (2) of 78804
 
GNW market cap now about $11B.

If they've destroyed $1B in book value with their SIV/CDO or what ever junk they bought and they announce it, stock should recover eventually (couple years) and sell at a better p/bk.

Just seems like company confessionals though START at a minimum of $1B and work ever higher.

I've added a few more GNW shares to my position this a.m.
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