Comments on: Not All Financials are Poision http://alephblog.com/2008/07/22/not-all-financials-are-poision/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 19 Mar 2010 06:01:34 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Paul in Kansas City http://alephblog.com/2008/07/22/not-all-financials-are-poision/comment-page-1/#comment-18082 Paul in Kansas City Fri, 25 Jul 2008 14:21:25 +0000 http://alephblog.com/?p=778#comment-18082 David, you're favorite bullish finanical stock picker has a significant position in Primus. I've resisted the urge to even look at that one! David, you’re favorite bullish finanical stock picker has a significant position in Primus. I’ve resisted the urge to even look at that one!

]]> By: David Merkel http://alephblog.com/2008/07/22/not-all-financials-are-poision/comment-page-1/#comment-18081 David Merkel Fri, 25 Jul 2008 07:42:33 +0000 http://alephblog.com/?p=778#comment-18081 I don't know PRS that well... I have met their management, and know their basic strategy, but I have not followed them. This is what I would look for, though: look for items that would cause them to post more collateral, any loan covenants, and anything that would make financing exit, or non-renew. I don’t know PRS that well… I have met their management, and know their basic strategy, but I have not followed them. This is what I would look for, though: look for items that would cause them to post more collateral, any loan covenants, and anything that would make financing exit, or non-renew.

]]> By: James Cullen http://alephblog.com/2008/07/22/not-all-financials-are-poision/comment-page-1/#comment-18080 James Cullen Fri, 25 Jul 2008 04:29:16 +0000 http://alephblog.com/?p=778#comment-18080 David, Any thoughts as to the safety of corporate debt, specifically credit default swaps on investment grades? Primus Guaranty doesn't have the structured products/RMBS exposures of an MBIA, but you'd never know from the 20% yield on the senior notes... is this shotgun selling, or am I missing something? David,
Any thoughts as to the safety of corporate debt, specifically credit default swaps on investment grades? Primus Guaranty doesn’t have the structured products/RMBS exposures of an MBIA, but you’d never know from the 20% yield on the senior notes… is this shotgun selling, or am I missing something?

]]> By: David Merkel http://alephblog.com/2008/07/22/not-all-financials-are-poision/comment-page-1/#comment-18064 David Merkel Wed, 23 Jul 2008 04:07:14 +0000 http://alephblog.com/?p=778#comment-18064 I don't like mortgage insurance or long-term care as lines of business. That said, they will survive, while a lot of the pure play mortgage insurers won't. I would watch this one, and maybe buy some after PMI or Radian fails. The economics of MI will be much better after that. Then again, Fannie and Freddie may have different needs as well... MI will be a different business. I don’t like mortgage insurance or long-term care as lines of business. That said, they will survive, while a lot of the pure play mortgage insurers won’t. I would watch this one, and maybe buy some after PMI or Radian fails. The economics of MI will be much better after that.

Then again, Fannie and Freddie may have different needs as well… MI will be a different business.

]]> By: synchro http://alephblog.com/2008/07/22/not-all-financials-are-poision/comment-page-1/#comment-18063 synchro Wed, 23 Jul 2008 02:49:35 +0000 http://alephblog.com/?p=778#comment-18063 do you have an opinion on Genworth Financial? do you have an opinion on Genworth Financial?

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