Genworth Financial (GNW) Long Term Care Looks Good

As you recall we invested in Genworth when their two primary business units; U.S. mortgage insurance and long term care (LTC) insurance were performing poorly. The housing crisis and escalating long term care costs raised questions about the viability of the company‚Äôs main business lines. Our investment thesis [Source] centered on a turnaround that was […]

Genworth (GNW) Investment Thesis: Part II Turnaround and Valuation

In Genworth (GNW) Investment Thesis: Part I we discussed what led to the collapse in the share price and why it is still trading at a huge discount to intrinsic value. The central question: is this deep discount justified or is it a value investing opportunity created by past worries, fear and excessive pessimism? To […]