All, Lets get down to the financials on this one. Outside the fact this is absolutely going to break here with this bullish ascending tri. I mean take a look at P/B at 0.14... Price to Free Cash Flow ... 2?!?! I mean forward P/E is 4.98? THEY HAVE 1BILL REV AND NET MARGINS LOL @$4. SOME COMAPNIES WITH WORSE FINANCIALS THEN THIS TRADE AT $15-$55 ON HIGH...
Hello Community! Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more! This is a quick analysis. GNW keeps getting rejected on the daily timeframe, the RSI is overbought & THE MACD is heading towards the red. Until it breaks that diagonal resistance line drawn it will remain...
$GNW (Genworth Financial) is a stock that I purchased recently at $3.51 per share Company has formed a flat base in the stock price in recent years but i feel its massively undervalued The book value per share is up at $30 and we have the following data: Free cash flow = 1.96 billion Total cash = 3.31 billion Total debt = 3.64 billion So debts are perfectly...
entry here is possible, hold for 3.05 or 2.85; scalping at 3.18, 3.43 or 3.62 all viable into mid April convergence
Taking advantage of this "little" dip here to initiate a covered call in this little, high implied volatility bugger (at some point, I'll make the move to "quality" ... ). Metrics: Bought Shares at 4.73 Sold Oct 21st 5 call Whole Package: 4.40 Max Profit: $60 ROC: 13.6%
Metrics: Buy Shares at 4.62 Sell Oct 21st 5 call Whole Package: 4.36 Max Profit: $64 (if called away at 5) ROC: 14.7% Notes: The ROC metrics are good here; the chart is not. The underlying is at highs, so it might be beneficial to wait for a pullback to initiate a play. By the same token, there is room to the upside (albeit small to next ZigZag indicated...
GNW has had consistently bad earnings since 2014 until about Q1 of this year where the distressed financial company posted profits and shedding of toxic assets. MACD bullish divergence, Ichimoku crossed above kumo on the daily chart, we might see a turn around and long term climb to 6+. Keep in mind this is a fortune 500 company trading for $3.
Large selling volume on GNW on last 15 min. of the day. Trend beginning to go slightly bullish after a healthy earnings report yesterday. Apparent negative divergence in RSI formed today as well as the MACD falling off a cliff on the 15 MIN chart. Will think about entering a short position on paper if price can break through next support level around 3.47-3.45.
GNW recovery play, Long at 3.08 as of 6/14/2016, target 6.50 or more by this time next year. GNW was hit by horrible guidance and earnings the previous year and is just starting to recover since the last earnings early May. It has stopped the bleeding in its LTC unit and is poised to make a turnaround. Rate hikes should help GNW as well. 82% of stock float is held...