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Saturday, November 24, 2007

Insider buys of MGIC Investment Corp (MTG)

After mentioning Radian (RDN), a private mortgage insurer, I looked at it's competitor MGIC Investment and noticed major insider buying.

http://finance.yahoo.com/q/it?s=MTG

It's book value is $49 yet the stock trades at $20 and a competitor Old Republic (ORI) buys a major stake instead of buying back it's own stock. Also MTG has been slowing buying back it's stock from 113 million shares in 1997 to 81.8 million shares today.

Old Republic Buys Competitor Stakes

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posted by RetireRichBlog at 8:28 AM

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