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


To: Paul Senior who wrote (28790)11/2/2007 2:51:52 PM
From: MCsweet  Read Replies (1) | Respond to of 78816
 
GNW,

Aside from potential subprime losses, the Citi analyst thinks their mortgage insurance unit will be a drag on business for awhile and comps in that biz are trading well below book, so GNW's overall low Price/Book is not totally out of line.

I think ultimately you make money on this, but the rebound may not come so quickly. I am tempted to buy some here, but will probably hold off for now.

Thanks,
MC



To: Paul Senior who wrote (28790)11/2/2007 3:18:19 PM
From: Madharry  Respond to of 78816
 
abk and rdn just getting crushed today. xlf down over 2.5% now. I'm gonna go shopping this holiday season.