A year ago, I thought that Genworth (NYSE:GNW) was a high-risk insurance story that was trading at a substantial discount to its long-term value. With the stock up almost 130% since then, I feel pretty good about that call. Looking at the company again today, though, I'm not nearly as optimistic about the stock. While the stock is still undervalued on a long-range ROE model, the growing challenges in mortgage insurance and long-term care insurance bode poorly for nearer-term value creation.
Please read the full article here:
http://www.investopedia.com/stock-analysis/070813/genworth-looking-lot-heavy-lifting-gnw-met-acgl-cno.aspx
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» Investopedia: Genworth Looking At A Lot Of Heavy Lifting
Monday, July 8, 2013
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