Comments for MTG - Stockpickr! Your Source for Stock Ideas

Comments for MTG

Added By	Comments	Type	Date Added
Oxie	Volatility	Love	July 20, 2009
PatagueJP	Small Bank with great potential. The Big Banks have made their move, there is time for the small banks in the next quarter.	Love	April 17, 2009
barrons2	This mortgage bond insurer has missed out on the small cap party this year battered by nearly 70% as more mortgage bonds blow up. But MGIC is toughening its lending standards and raising rates. "The CEO bought shares around $6.80 give or take,” says Jon Najarian. “I think it has good upside.”	Love	August 27, 2008
thinking	chart	Love	August 19, 2008
Phil Cronce	well?	Hate	July 25, 2008
barrons2	Crazy, but it seems to me that the moves in stocks like Ambac Financial (ABK) and PMI (PMI) or in MGIC (MTG) and MBIA (MBI) may actually be driven by all the stock-picking contest being played right now. That's right, the actual games at CNBC and TheStreet.com.	Love	July 10, 2008
barrons2	Yeah, this group is just awful, and the end of the personal mortgage industry -- signified by the incredible shrinking PMI Group (PMI)/MGIC Investment (MTG) and the immolation of Freddie Mac (FRE)/Fannie Mae (FNM) explains a ton.	Love	July 10, 2008
barrons2	12. The Gang of Four -- PMI (PMI), MGIC (MTG), MBIA (MBI) and Ambac (ABK): We all know what's happening here -- their insurance might be busted. So many outfits are still valuing their portfolios presuming some insurance protection that when the inevitable happens, we will get a severe hit to everyone's book.	Love	July 02, 2008
barrons2	Q: What made you switch to the long side? A: The stock's down from north of 70 in early 2007 to around 12, bringing its capitalization down to about $1.5 billion. One reason we like the company is that it was able to raise more capital recently, something its competitors haven't been able to do. In March, they did a common offering that raised about $500 million -- so they've been able to raise liquidity and capital. At the same time, they are raising prices on premiums and tightening underwriting on the business now being written. The new business is being written based on lower home appraisals after the housing bubble burst -- and yet they are still showing good growth despite the fact that the whole industry has slowed down. Our thesis is that once MGIC gets through writing down its old book of business, the new book will be very profitable and valuable. Even applying our bearish mortgage-credit outlook, we don't see more than another $4 or $5 per share of losses in the next two years. So current book value of $24 should bottom in the high teens in '09 and start rising from there. They'll be quite profitable after that, given their better margins and more conservative underwriting of the current book of business. The stock should trade upward of two times book. So we see the stock, currently at around 12, as a double-to-triple over the next few years.	Love	May 24, 2008
barrons2	On the other hand, "I'm not that high on MBIA (MBI). I don't feel that good about MGIC (MTG). He was also bearish on AIG (AIG) and expressed concern over legal problems at Allstate (ALL).	Love	April 24, 2008
barrons2	In the mortgage insurance space, Cramer says he's no longer a seller of MGIC Investment (MTG) and MBIA (MBI) but would not necessarily be a buyer at these levels, either.	Love	January 17, 2008
stockerblog	negative earnings, the stock pays a yield of 0.40%.	Love	December 30, 2007
Robert Wynnd	Still room on the downside before it turns around	Hate	December 19, 2007
drcharles	short	Hate	December 01, 2007
shourigan	Reached for business with focusing on subprime pool insurance	Hate	November 29, 2007
allen warren	insider buy	Love	November 24, 2007
tathanka	Oversold and if mortgage lenders and originators had purchased MGIC insurance, a lot of bad loans would have been avoided. Their services are in deeper need than ever before.	Love	November 08, 2007
barrons2	Ambac (ABK), MGIC (MTG) and MBIA (MBI) are all in the same boat. I am saying again, that they are goners.	Love	November 01, 2007
Jason R	On Friday, it was reported that MGIC Chief Executive, Curt Culver, purchased 50,000 shares for an average price of $19.77, bringing his total holdings to 402,999 shares. Along with his purchase, the president and multiple directors of the company also bought shares. I wrote about these insider trades on <a href="http://www.thestreet.com/p/_rms/dps/cc/20071026/columnistconversation1.html#entryId10386908">Columnist Conversations</a> right when the news was released. I said remain cautious and referenced insider buying at Thornburg Mortgage (TMA) did not resuscitate that stock.	Love	October 29, 2007
Jonathan Harsch	down 9% Oct 25 MGIC Investment (MTG), which reported a massive $4.60 per-share third-quarter loss a week ago, Thursday slashed its quarterly dividend by 90% to 2.5 cents a share, sending shares down 12%. The stock hit a 52-week low.	Love	October 26, 2007
Rye1102	MTG write-downs factor in potential losses that will most likely exceed actual losses once all is said and done.	Love	October 25, 2007
barrons2	"MGIC, at $36.64, trades for a fraction of its book value of $54 a share. Even assuming a full write-off of its C-BASS investment, MGIC still would have a book value of around $50."	Love	August 18, 2007
High Dividends	7.8	Love	August 07, 2007
lmcronin	subprime debacle	Hate	June 03, 2007
AlbertMason	Sub-Prime issues and weak housing market. Stock should be down way more.	Hate	April 19, 2007
downdog	shorted	Love	March 14, 2007
greenbeing	Looming mortgage meltdown in US. Mortgage insurance--poof.	Hate	March 05, 2007