Tag: PMI
WARNING: Stay Away From This Penny Stock
During the housing boom, some companies made money hand over fist. Just look at PMI Group (PMI) in 2006. They had total revenue of $1.2 billion and generated a staggering $419 million in earnings. Thats a net margin of almost 35%… huge results for any industry. So what did PMI do? They wrote insurance on […]
Penny Stocks On The Move: MGIC Investment Corp (MTG)
One of the most volatile industries in the market these days is mortgage insurance. Of course, its really no surprise. The vast majority of businesses involved in the housing and mortgage industries are dealing with an uncertain future. And the mortgage insurance industry has been even crazier than most. In fact, there are only a […]
Penny Stocks On The Move: PMI Group (PMI)
What a week! Every couple years we have a week like this in the stock market. I like to describe it as financial pandemonium. Needless to say, there are plenty of candidates for this weeks Penny Stock On The Move. When the S&P 500 drops roughly 14% in a week and then rallies 5% […]
