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  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    Tetra,
    If biotech is going to cure everything then nobody will need any long term care and that will be great for GNW. Suggesting we buy biotechs some of which are extremely risky and trading at huge PE ratios and forgoing GNW at about 5 times earnings makes no sense to me.

    The one biotech that makes sense to me is GILD and I have been buying that on the recent dip.
    Aug 27, 2015. 11:16 AM | Likes Like |Link to Comment
  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    marketwatcher:

    Applying your logic of "There is a reason the stock is where it is." could have been said when BAC was at $5, or when HIG was at $15, or when Priceline was less than $1.

    Say "There is a reason the stock is where it is." and you can miss out on every single buying opportunity. Obviously, that broad generalization is not going to be a winning strategy.
    Aug 27, 2015. 11:10 AM | 1 Like Like |Link to Comment
  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    Kevin,

    I am not going to address the nonsense any further. You called me out by saying my argument doesn't hold up and now you are knocking me for "poking fun" at anyone I disagree with. That is hypocritical so if you don't want your views challenged in the future I suggest you don't challenge others especially when you are wrong.

    GNW is already up 10% since yesterday. Bottom line, I (so far) was right to buy GNW at or near 52 week lows, and you are apparently missing out.

    I think this article and others and anyone who has gotten into this stock is well aware of the reasons it is cheap, so you can't beat a dead horse forever. The real question raised by the author and others like me is whether or not the market has overreacted because this is how true CONTRARIANS MAKE MONEY and that is exactly what I am doing with Genworth.
    Aug 27, 2015. 11:05 AM | Likes Like |Link to Comment
  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    Marketwatcher,
    Thanks for the good luck, I am already up about 10% since yesterday. You and all the doubters have already missed this first 10% move up and will miss much more just as the skeptics always have when GNW traded this low a couple years ago and then went to $18.
    Aug 27, 2015. 10:56 AM | Likes Like |Link to Comment
  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    Kevin,

    Your argument does not hold up because the point I made about being a contrarian has nothing to do with the dollar level of the stock price and it has everything to do with the obviously negative sentiment that has sent the shares down to a 52 week low that is now 1/3rd of the 52-week high.

    For a stock to be trading at a 52-week low and for 1/3 of the 52 week high it is quite safe to say that there is a significant amount of bearish sentiment, therefore ONLY a contrarian view would be bullish. Whether the 52 week range is $4.50 to $15ish or whether (as your example cites) it would be triple those levels or $14ish as the low to $45 as the 52 week high or so makes no difference. The point is that the stock is trading for 1/3rd of the 52-week high, the dollar amount is irrelevant. You cant triple the 52 week low as you suggest without also tripling the 52 week high right????? LOL

    Hopefully you have a better grasp of this basic logic now.
    Aug 26, 2015. 11:51 PM | 1 Like Like |Link to Comment
  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    Kamil,

    I see your point but at just $4.65 or so and at a fraction of book value and at less than 5 times earnings, I would say that there is ALREADY a fairly sober view taken here, and that based on this extremely low valuation and huge drop from the 52 week high, if there is a CONTRARIAN view it would that of a bull, such as the author of this article.

    Conversely, if a stock was trading near a 52 week high, it would only make sense to consider yourself as a contrarian is you were bearish.

    Near 52 week lows, it is clearly not a contrarian view to be bearish on GNW.
    Aug 26, 2015. 09:49 PM | 3 Likes Like |Link to Comment
  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    NEWSFLASH: (this just came out after the market closed today and I would like all the skeptics to address this very bullish insider buying trend)

    Today's News, August 26, 2015
    5:07 pm ET
    *Genworth Financial Director Parke Buys 50,000 Shares @$4.51/Share -Form 4
    Benzinga
    Aug 26, 2015. 06:39 PM | 1 Like Like |Link to Comment
  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    Kamil, GNW does not necessarily "need to still fix a lot of things" (you are just assuming that) because they already took huge charges to boost reserves and yet you and other market participants seem to completely disregard this. The fact is that the LTC business is just about 33% of the business for GNW and rate increases are kicking in between now and 2017. It is time to acknowledge this along with the multiple insiders buying.

    It is time to stop looking in the rear view mirror and start looking forward at the positives which include the very strong mortgage business and cost reductions, plus Genworth just posted a 23 cent per share operating profit for the quarter. Can you give me another stock that is earning $1 per share and trades for less than $5??????

    Genworth is now in far better shape and less risky now than it was about a year ago when it traded for around $18 and yet we still have the endless concerns from people like you who always seem to want to assume the worst.
    Aug 26, 2015. 06:26 PM | Likes Like |Link to Comment
  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    marketwatcher, this is not a forum for your personal annuity which is why I took issue with your comments. This forum is about stocks and again suggesting bankruptcy is silly now.
    Aug 26, 2015. 06:19 PM | Likes Like |Link to Comment
  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    marketwatcher, pretty silly questions on your part. Genworth is profitable and it is pretty ridiculous to speculate on bankruptcy when it is making money....
    Aug 26, 2015. 03:32 PM | 3 Likes Like |Link to Comment
  • The Worst Is Over, 5 Reasons To Get Ready For A 'V' Shaped Rally [View article]
    Marcianoprofac:

    Way too bearish...For your information Goldman just came out saying it is time to buy China:

    http://read.bi/1K3B4kX
    Aug 26, 2015. 03:17 PM | Likes Like |Link to Comment
  • The Worst Is Over, 5 Reasons To Get Ready For A 'V' Shaped Rally [View article]
    pbjbert, terrible call to short Dow up over 500 now!
    Aug 26, 2015. 03:14 PM | Likes Like |Link to Comment
  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    Plus lots of recent insider buying at GNW:

    nsider Transactions Reported - Last Two Years
    Date Insider Shares Type Transaction Value*
    Aug 24, 2015 MCINERNEY THOMAS J
    Officer
    30,000 Direct Purchase at $4.50 per share. 135,000
    Aug 21, 2015 MOLONEY THOMAS E
    Director
    5,000 Direct Purchase at $4.71 per share. 23,550
    Aug 18, 2015 LAMING MICHAEL S
    Officer
    20,000 Indirect Purchase at $5.20 per share. 104,000
    Aug 7, 2015 KLEIN MARTIN P
    Officer
    15,000 Direct Purchase at $4.99 per share. 74,850
    Aug 7, 2015 MCINERNEY THOMAS J
    Officer
    30,000 Direct Purchase at $5 per share. 150,000
    Aug 26, 2015. 11:21 AM | 3 Likes Like |Link to Comment
  • Genworth Financial Is Irrationally Priced For Bankruptcy [View article]
    Great points, thanks for sharing your analysis!
    Aug 26, 2015. 11:16 AM | 2 Likes Like |Link to Comment
  • What Every Investor Must Know About China [View article]
    Great article, thanks Jeff!
    Aug 26, 2015. 01:42 AM | 4 Likes Like |Link to Comment
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