$4.63
0.38 (+8.94%)
MGIC Investment Corp. (MTG)
CAPS Rating:
The Company through its wholly owned subsidiary Mortgage Guaranty Insurance Corporation provides private mortgage insurance in the United States to the home mortgage lending industry.
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Recs
Revenue on track to exceed 2006 levels. PMI is going to be required on all mortgages without 20% down and it is going to cost more. If housing is likely to bottom by mid 2009, it will require buyers to obtain mortgages. Increasing demand for services from the largest of the PMI providers should equal a rising stock price. Debt to equity ratios look good (<50%) and there has been steady insider buying over the last year. It scares me to make this call, but I think it is a reasonable one over 3-5 years.