PMI Group Inc. (NYSE:PMI)
The Company provides financial products designed to reduce risk, lower costs and expand market access for residential mortgages, public finance obligations and asset-backed securities.
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PMI is going no where at this rate.
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Strict underwriting and higher prices will lead to
increased profitability for PMI. The recent decline in housing prices keeps more policies active for longer periods, boosting revenue and profits.
A spect. play here.
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PMI is a volitile stock, I have bought and sold it since the crash. It is near historical lows. Most of the bad news is out and shorts are quietly bying back their shares. Upside potential is much greater than any short term downside.
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$2.10 for a bad stock that can really move way higher in couple of years is a bargin. Maybe will go down another 10-20% but 500% upside is possible in 5 years. Go long!
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omega - pb and psr
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Feels like it had a good support at around 3.50 should see increase here. good call volume, and trend is forming. this stock also in the past has high volatility and the last time it shelfed off here it went to 7 dollars. hoping for another rally soon.
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Private mortgage insurance will bounce back when the housing industry bounces back. This is a winner.
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Banks are starting to see positive numbers and mgic just had its first profitable quarter in 3 years.
I believe pmi will follow suit
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I'm seeing anecdotal evidence of an improving job market in the technology field. We are still realing from the tech wreck of 2000-2003, but the tide is turning. The FED will keep rates low, housing starts were off commensurate with the increase in absorption of foreclosures. We are at the knee of the curve and the outlook can go no where but up. PMI has held in there and positioned itself to ride the recovery wave over the next couple years. It's all about the economy going forward.
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Wow, look at this!
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Solid and well organized company. Has been hammered by the housing market bubble bursting. Survived will start to make profits as soon as the housing market and economy improved. I have this at $20 in 5 years.
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The hoiusing market is coming around, albiet slowly. PMI will come up with it.
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interesting stock
but ps is low
no data for return on equity
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PMI has higher chance of going higher, as the housing market stablizes.
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it's too low! housing will come back. the government is using our tax money and inflating the economy. only problem is most new loans will have at least 20% down. that's no problem, people love to refi for more cash and will pay the pmi.
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Housing will come back as the economy and jobs improve. This stock is beaten down and we can only look toward the future profitability as inevitable. I hesitated on some stocks in early 2009 and won't make that mistake with PMI.
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Can anyone tell me where cdulan actually posted her negative comment or was it just something The Motley Fool thought sounded good and made up? Pretty weak when she's the score leader on PMI but you can't find her actual post. No way to reply to it either. By the way AIG's Market Cap was under 1B just a few short months ago now it's over 6B. PMI long all the way.
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Another one to watch as FHA Backed Mortgage Loans Rise
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The PMI Group is in the hammered realestate financial section that should now find a bottom with all the commitments to support real estate mortgages and financials. This should double in the next year, possibly sooner.
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