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Genworth ?

Discussion in 'Other Asset Classes' started by hash_investor, 1st Oct, 2016.

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  1. hash_investor

    hash_investor Well-Known Member

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    Anyone holding some Genworth? They are giving great dividends and doing good for last couple of years. Recently the trend is stock dives immediately after dividend disbursement. According to this trend it is a good buy right now?

    Long term they are the only other company doing mortgage insurance and mortgages are pretty safe for the next few years because of low interest rates.

    Senior members ? Anyone ?
     
    Scott No Mates likes this.
  2. OscarBravo

    OscarBravo Well-Known Member

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    Just a quick one – the drops are from capital returns as opposed to dividends. Bit of a weird distinction but the company is returning excess capital to shareholders.


    Genworth (both the parent company and the locally listed company) have a long history of profitably issuing mortgage insurance but the whole industry terrifies me, to be honest.
     
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    They make lots of $ in good times on the back of apra etc tightening the lending criteria but always betting that few deals will be duds/mortgagee sales.
     
  4. hash_investor

    hash_investor Well-Known Member

    Joined:
    11th Oct, 2015
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    Location:
    Sydney / Canberra
    So? Does anyone hold it?

    What is the long term view?