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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (28686)	10/24/2007 7:27:21 PM
From: Madharry	Read Replies (1) \| Respond to of 78474

Part of the issue was that mgic and radian were partners in some kind of SIV , which was doing awful. have you done your own due dilligence on this thing. or is it whitman likes it so im in? online.barrons.com

To: Bridge Player who wrote (28686)	10/25/2007 11:56:36 AM
From: Paul Senior	Read Replies (5) \| Respond to of 78474

RDN. Yes, RDN mentioned here before several times. It is often surprising how old stocks, like old girl friends, sometimes come back into your life. Message 15294345 I rode RDN then with Mr. Whitman. It took a while, but results for me were very satisfying. Now that he has reentered and buying 10 percent of the company, and I can get in for a price less than he paid, of course I'm going to be willing to look at it again too. I have these comments. 1. Scott Black, a professional value investor whom I like, said on Bloomberg last night to avoid these bond & mortgage insurer companies, saying that the troubles in the sector aren't fully known or out. So his comment's a big negative for me for buying RDN. 2. I am somewhat confused about the stock buying or not buying logic of many posters on SI who reference Whitman and Third Ave funds. I see several who state they have the fund and are satisfied with it. I see several who post about a stock that's being talked about, who say they have it and so does Whitman (implicitly confirming the wisdom of their purchase or the safety in it) (Edit. And I am one of these people too -gg-), yet here with RDN we have a stock that Whitman has now bought maybe $100M worth of, and yet we two are the only people around who are willing to step in for shares too? Imo, in trying to avoid uncertainty, an investor gives up a lot in possible gain. After all, with RDN, you are looking at a financial stock with a stated book value of over $50. There's a lot of resources and safety in that -- I hope. Oh well, maybe Whitman hasn't done his homework correctly, and maybe avoiders of the stock are right. I'm in as of the last couple days, starting at $13.90 and buying all the way down (adding this a.m. for example) Ouch! Intending to build a position.