There's still ample economic wreckage from the
housing bubble
and crash, but many participants have clawed their way back and are
starting to see signs of normalization. Major mortgage issuers like
Wells Fargo (NYSE:
WFC) are back to paying
dividends and thinking about long-term growth strategies, while insurance companies like
MetLife (NYSE:
MET) are largely secure from a capital standpoint (even if U.S. regulators don't completely agree).
Genworth (NYSE:
GNW)
is a different case. While the stock and company are clearly back from
the brink of complete ruin (the stock traded for less than 90 cents just
over three years ago), the company is not exactly strong or thriving
again. The resignation of the company's
CEO
may facilitate a better turnaround strategy, but investors considering
these shares are going to have to have patience to see the investment
work out.
Please read more here:
http://stocks.investopedia.com/stock-analysis/2012/When-Will-Genworths-Turnaround-Come-GNW-MET-UNM-PRU0615.aspx
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