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Genworth Financial, Inc. (GNW)

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3,8500-0,2300 (-5,64%)
Al cierre: 4:00PM EDT

3,8800 0,03 (0,78 %)
Después del cierre: 7:36PM EDT

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  • P
    PeopleWareOK
    $GNW conversation
    Finally! $GNW has called off the OW deal. $GNW has been set free now without the hangover of the $5.43 price cap!
  • c
    celetheo
    $GNW conversation
    Interesting company. I'm still wrapping my head around it. Is the below a fair summation of recent $GNW history?

    GNW was in the $4-5 range prior to Covid, which in theory prices in the $1B in 2021 debt. Covid hits and mortgage forbearances skyrocket while interest rates plummet, which leads to reduced GNW earnings and the stock drops down to near-$2 in mid-2020. Then there is a combination of the AXA settlement, first-time home-buying (PMI) boom, and Oceanwide Holdings merger (valuing around $5.40 a share) that climbs the stock back to $4-5. Then the Oceanwide Holdings merger is surprisingly put on hold and now the U.S. mortgage business may IPO in 2021 to cover the short-term debts. Recently, there's been a board of directors shuffle, including a new chairwoman with mergers & acquisitions experience.

    So is the general sentiment an IPO of the U.S. mortgage business or Oceanwide merger and this is back to $4-5, possibly higher? Or have there been impacts on the life insurance side that may limit upside?
  • g
    g
    $GNW conversation
    China Oceanwide together with a private equity finally manage to finance the BID to $GNW although there are same conditions from the private equity to lower the price of the bid to 4.5 and get 2 members in the management board in GNW prior to the bid in order to coordinate the acquisition. As you can see the new members are expert in Merger and Acquisitions
  • g
    g
    $GNW conversation
    $GNW BID INMINENT from China Oceanwide together with a private equity manement board new members were imposed prior to the bid in order to coordinate the acquisition. As you can see the new members are experts in Mergers and Acquisitions
  • F
    Frankenstone
    Genworth Financial, Inc.
    Yesterday's price action was interesting from this risk arb traders viewpoint because it was what I call a "Watershed" day. Where all stops are busted and all weak hands are washed out, with all those shares going to the smart money.
    This phenomenon happens commonly on risk arb plays as we approach the closing event.
    I.E. saw it myself recently with Sprint, among others I've landed in the past, like TWX, ROC, and CAB.

    On my 22 point checklist of what to look for in a risk arb play, Watershed is but one point.

    Another is Management Commitment (from both parties), even despite incompetent mgmt such as $GNW has...

    In the past few weeks (8-31 and 9-16), the only actual news, in the form of PRs, has stated that positive work is being done to complete the merger on time, this is valid commitment being shown, also Dealreporter's reporting confirmation has helped...
    2 good signs, both holding their checks....

    Now, if only China Oceanwide can find their wallet, and soon, we done here....

    Holding long, waiting, watching, as Jesse Livermore stated, the money is made in the waiting...
    GLTA traders...
  • F
    Frankenstone
    Genworth Financial, Inc.
    From $GNW IR just now on question of when Canada regulators began merger review:

    From: "GNW, InvestorInfo (Genworth)"

    Date: 3/4/19 11:22 AM (GMT-06:00)

    Subject: RE: Merger update?

    Hello – apologize about the delay in responding.  We disclosed in early 2017 that all of our regulatory filings had been submitted – including those with the Canadian regulator.  Over the last 2 years we have modified the merger agreement including issues relating to unstacking legal entities, the acquisition funding sources and the capital commitment considerations.  We continue to work with the Canada regulator and hope for a resolution soon.
     
    Regards,
    Investor Relations
  • M
    Marco
    $GNW conversation
    I just don't get it. A question I would like to ask on tomorrow's Earning's call is simply "Why will $GNW not announce that the OW deal is Dead (and no longer in the best interest of Shareholder Value)? This will allow the price of $GNW to fully appreciate to it's FULL market value!
  • T
    TV107
    $GNW conversation
    AH buyer is persistent...just took $GNW not only positive but to the high of the day
  • j
    joep
    $GNW conversation
    $8.00 by December, easily!
  • a
    ai1997
    $GNW conversation
    China Oceanwide To Acquire Genworth Financial
    10/23/16
    - $5.43 Per Share All-Cash Transaction Offers Greater And More Certain Stockholder Value Than Other Actionable Alternatives
    - Transaction Structure Intended To Increase Likelihood Of Obtaining Regulatory Approvals
    - $1.1 Billion In Additional Capital Commitment Enables Debt Reduction And Cash Infusion To The U.S. Life Insurance Businesses
    - Facilitates Long-Term Objective Of Improving U.S. Mortgage Insurance (MI) Ratings Over Time And Facilitates Growth Opportunities
  • i
    ipsofacto777
    $GNW conversation
    GNW's tangible book value is $29.80. Anybody who says sell at todays price should see a psychiatrist.
    I wont be selling my holdings until it reaches at least $10/sh.
  • R
    Robert
    $GNW conversation
    And another thing, don't people know how to do simple math, GNW is be sold for 5.43ps (per share) and $600k (1.20ps) and $525k (1.05ps) so essentially it is being sold for 7.68ps a 47% premium over Friday's close. This is being sooooo manipulated. They will have to cover eventually.
  • P
    Peter G
    $GNW conversation
    BTIG rating should be ignored. They sold too early as witnessed the last 3 GNW run ups over the last 6 years.
    And, this is history repeating itself, the last 2 times they cut aroud this price and GNW stock ran up to $14 and $16 respectively.
    WOW!!!! How are they still getting respect????
  • P
    Peter G
    VALID RUMOR - GOING AROUND ON WALL STREET is another Chinese investment company will be coming in with HIGHER BID.
    MAKE SENSE, since other Chinese task outs in this industry have been MUCH HIGHER.
  • S
    Scott
    $GNW conversation
    Well, the only good thing about this new format is not having to see Josuah Tree's posts anywhere
  • F
    Frankenstone
    Genworth Financial, Inc.
    Headline from Dealreporter:
    $GNW GENWORTH SPEEDING UP WORK ON POST-CLOSE ACCOUNTING: DEALREP (From Bloomberg)
  • A
    Alfred
    $GNW conversation
    CEO, Tom caused all the troubles for this company by pushing for LT Care business, made a secrete deal with Chinese and will continue to be CEO of private company while the investors have been suffering for many years. He should be in Jail.
  • T
    TV107
    $GNW conversation
    look at the $RHT spread ... there's no way $GNW is breaking $4.40 til we hear more news (let's see earnings call Wed morning)
  • M
    Mapsoda
    $GNW conversation
    #GNW has an ongoing P/E of 2.75, which indicates that it is undervalued. On watch for clear above 4.20
  • M
    Me
    $GNW conversation
    I do not know if this is true or not, but it looks like on twitter events arbitrage (not familiar with them) posted that supposedly the North Carolina approval has been pushed out to August, don’t know if that means it will take till August or is approved through August. Search under $gnw and let me know what you guys think