Seeking Alpha

Investors in MGIC Investment Corp (MTG) were no doubt cheered by the firm's recent second quarter earnings release; against consensus expectations for a loss of $0.13, MGIC managed to rake in a tidy profit of $0.04 per share. The result has been a sharp rise in the stock price from roughly $7.40 before earnings to around $8.30 today. Yet before investors jump on board the stock hoping for similar future results, it's worth remembering that this is still a very troubled company. While things are getting better, MTG is still far too risky to buy into right now. Instead investors should take a 'wait and watch' approach to the firm.

Recent Developments:

In the most recent quarter, MGIC...

Only subscribers can access this article, which is part of the PRO research library covering 3,768 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: