Financial Forum

This Sunday (November 2nd) our church is hosting a Financia forum: Understanding the Economic Crisis ... of Genworth Financial, where he will be responsible for $75 billion of assets under management ... . Prior to joining JP Morgan in 2007, Ron was head of asset liability and risk management at Prudential [more...]

Date: 2008-10-30 01:28:25

Blog posts (23) | Videos (76)
 

Fifteen Notes on the Current Market Stress

1) Going back to one of my themes, be wary of companies that sell their best assets to bail out their worst assets.  Tonight’s poster child is GM ... a contract to borrow shares in order to short for a bunch of financial companies, then require ... to the new management of AIG: please do the following: a) locate lines of business with low ROAs [more...]

Date: 2008-07-16 05:51:08

Life Insurers Facing Cuts in Ratings

Life insurance companies, hobbled by real estate investments and committed to paying some costly retirement contracts, ... the Troubled Asset Relief Program, or TARP, but only about half of the life insurance industry will even ... , like Hartford Financial Group, appear to be shut out. Two other companies, Lincoln Financial, based [more...]

Date: 2008-11-14 05:21:37

Life insurers talk mergers, but deals are tough

Many U.S. life insurers are likely talking about possible mergers amid the economic downturn, but it may be a tough time to do many deals ... index .DJUSIL down nearly 60 percent since the beginning of September. Shares of Genworth Financial ... , Prudential Financial Inc (PRU.N: Quote, Profile, Research, Stock Buzz) is down about 75 percent, while [more...]

Date: 2008-11-27 05:01:27

M&A Activity in the Property-Casualty /Reinsurance Sector Discussed in Wall Street Transcript Insurance Report

posted by Steven Wevodau 67 WALL STREET, New York–January 14, 2009 - The Wall Street Transcript has just published its Insurance issue, ... with top management from 3 firms and 2 analysts. The full issue is available by calling (212) 952-7433 ... , Mergers and acquisition activity , Market volatility, Management quality, Regulatory outlook, Access [more...]

Date: 2009-01-15 00:02:41

20% of the S&P 500 Gained 3%+ Today

we wrote yesterday this market is now at the top of its range so as I wrote Now we're back at the top of our recent range - the pattern would dictate to go short tomorrow or Tuesday. Then cover 3 days later, and go long. Rinse. Repeat. Continue until this market actually does something. We continue to churn [more...]

Date: 2008-08-28 20:23:31

Genworth climbs on possible sale of insurance unit

Genworth climbs on possible sale of insurance unit October 1st, 2008 CHARLOTTE, N.C.—Shares of Genworth Financial Inc ... for its U.S. mortgage-insurance business, including a possible spinoff. Shares of Genworth spiked ... it wanted to “determine the optimal course of Genworth, its customers and shareholders,” in a statement [more...]

Date: 2008-09-30 23:35:07

Insurers Plunge On Investment Losses; Regional Banks Fall On Div Risk

INSURERS PART OF FORCED DIVESTITURES The efforts by Hartford Financial Services (HIG) ... to the commercial assets; among large insurers, it’s portfolio has the greatest exposure to the asset class. Other insurers, such as Genworth Financial (GNW), which has traded below $1 a share on Friday’ [more...]

Date: 2008-11-21 18:41:49

SEC Bans Short Selling

The Securities and Exchange Commission (SEC) bans short selling in 799 financial stocks through October 2, 2008. The SEC has this authority under Section 12(k)(2) of the Securities Exchange Act of 1934.Just to demonstrate how quickly the order was prepared, they included National Atlantic Holdings Corp (NAHC) [more...]

Date: 2008-09-19 07:06:00

Flat is the new up

Just in case you were out for the week, let me say you didn’t really miss much. ... for Reduction*Government Said to Consider AIG Conservatorship Plan*U.S. Stocks Climb, Led by Financial Shares, on AIG Speculation*AIG Said to Accept Federal Takeover, Will Replace Management*Central Banks [more...]

Date: 2008-09-21 14:25:00

U.S. Financial Companies Whose Shares Can't Be Shorted

MarketWatch | The following is a list of the U.S. financial companies whose shares cannot be shorted under emergency rules imposed by the SEC Friday. AAME ATLANTIC AMERICAN CORP AANB ABIGAIL ADAMS NATL BANCORP INC ABBC ABINGTON BANCORP INC PA ABCB AMERIS BANCORP ABCW ANCHOR BANCORP WISCONSIN INC ABK AMBAC FINANCIAL GROUP INC ABNJ [more...]

Date: 2008-09-19 16:14:25

SEC Halts Short Selling of 799 Financial Stocks — Here’s the List

the list of 799 financial stocks which were banned from shorting I was surprised that the financial ETFs, both long and short/inverse, were not of the SEC’s list. It struck me as very odd that the inverse instruments were still trading yesterday (they were halted for some time) and that I was still able to borrow XLF. If they continue to trade ( [more...]

Date: 2008-09-19 08:45:32

Top Stocks Selling Below Cash

If you are looking for very cheap stocks, you may want to look for stocks that are selling below cash per share ... , and asset management company. The stock has a price to cash per share ratio of 0.248 , with a PE ratio of 1.56 and a PEG of 0.1 . Genworth Financial ( GNW ) is a provider of various types [more...]

Date: 2008-10-31 06:04:16

Top Stocks Selling Below Cash

If you are looking for very cheap stocks, you may want to look for stocks that are selling below cash per share ... , and asset management company. The stock has a price to cash per share ratio of 0.248 , with a PE ratio of 1.56 and a PEG of 0.1 . Genworth Financial ( GNW ) is a provider of various types [more...]

Date: 2008-11-04 07:39:50

Challenger plans A$400 mln RMBS offer - source

Challenger plans A$400 mln RMBS offer - source September 11th, 2008 (For the latest Australia and New Zealand bond news, doubleclick on ... housinglender Challenger Mortgage Management plans to sell A$400million ($321.8 million) prime residential ... in September. Challenger Mortgage Management, a unit of ChallengerFinancial Services Group Ltd [more...]

Date: 2008-09-11 05:45:53

Economic woes mean boom time for lawyers. -&- A broad, single, simplified new regulatory environment may be passed in 2009.

----------"Economic woes mean boom time for lawyers"By Carol J ... seeking a piece of the $700 billion government bailout for the financial system.The country may ... , sounds a more cautionary note about the financial future for law firms, noting lawyers may be facing [more...]

Date: 2008-10-31 20:21:00

Loss-making Genworth won’t impact us, says Genpact CEO

SOURCE: EconomicTimes DATE: Nov 10th, 2008 Mohit Soapbox: ... is now facing another troubled client. Genworth Financial, one of Genpact’s top 10 clients ... or clients in transition including Wachovia and Genworth. The CEO, Pramod Bhasin though seems confident [more...]

Date: 2008-11-09 22:21:25

Wall Street Breakfast: Must-Know News

New acronym on the block... The government unveiled its newest initiative, called TALF, or Term Asset-Backed Securities Loan Facility. The $200B facility will support consumer finance, including [more...]

Date: 2008-11-26 12:14:47

List of Company Stock Symbols Where Short Selling Has Been Banned

The following list of stock symbols contain the stocks that you cannot short sell for the immediate future. The S.E.C. announced that 799 financial stocks will no longer be allowed to shorted. The ban is immediate and follows one already done in Britain [more...]

Date: 2008-09-19 17:39:27

799 Companies on SEC Naked Short Selling Ban List

These are the 799 companies that are on the SEC naked short selling ban list: AAME: ATLANTIC AMERICAN CORP AANB: ABIGAIL ADAMS NATL BANCORP INC ABBC: ABINGTON BANCORP INC PA ABCB: AMERIS BANCORP ABCW: ANCHOR BANCORP WISCONSIN INC ABK: AMBAC FINANCIAL GROUP INC ABNJ: AMERICAN BANCORP OF NJ INC ABVA: ALLIANCE BANKSHARES CORP ACAP: [more...]

Date: 2008-09-22 03:41:24

AMAT,US HOT STOCKS: MGIC Investment, Trina Solar, MRV Commun -3-

US HOT STOCKS: MGIC Investment, Trina Solar, MRV Commun -3-Last update: 6/6/2008 2:04: ... more capital and improve risk management, the newspaper added. Among the decliners, Washington Mutual Inc. (WM, $7.40, -$1.21, -14.05%) and Regions Financial Corp. (RF, $15.41, -$1.13, -6.83%). Energy [more...]

Date: 2008-06-07 00:42:43

No Short List

AAME ATLANTIC AMERICAN CORP AANB ABIGAIL ADAMS NATL BANCORP INC ABBC ABINGTON BANCORP INC PA ABCB AMERIS BANCORP ABCW ANCHOR BANCORP WISCONSIN INC ABK AMBAC FINANCIAL GROUP INC ABNJ AMERICAN BANCORP OF NJ INC ABVA ALLIANCE BANKSHARES CORP ACAP AMERICAN PHYSICIANS CAPITAL INC ACBA AMERICAN COMMUNITY BNCSHRS INC ACE ACE LTD ACFC ATLANTIC [more...]

Date: 2008-09-19 14:43:53

Free Cash Flow and Shareholder Yield: New Priorities for the Global Investor: William W. Priest, Lindsay H. McClelland

... cash flow.” —Rob Brown, Chief Investment Officer, Genworth Financial Asset Management, Inc [more...]

Date: 2008-09-25 14:49:32

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