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More on Genworth Financial (GNW) Q1 earnings: The U.S. mortgage insurance unit is profitable by...

More on Genworth Financial (GNW) Q1 earnings: The U.S. mortgage insurance unit is profitable by $21M in the quarter after racking up about $2B in losses over the last 5 years, including a $32M loss in Q4, and a $44M loss a year ago. Shares +5.8% AH to $10.61, still less than one-third of $32.90/share of tangible book value. Conference call tomorrow at 9 ET. (PR)
Comments (1)
  • sliman21
    , contributor
    Comments (356) | Send Message
     
    GNW is better than RDN or MTG. It is profitable and sells well below book value. There is no need for a big diluting issue of stock for GNW.
    30 Apr 2013, 10:37 PM Reply Like
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