MGIC Investment (MTG) En Fuego After New Kyle Bass Stake
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Shares of MGIC Investment Corp. (NYSE: MTG) are rising for the second straight session after Kyle Bass and his Hayman Capital hedge fund disclsoed a new 4.9% stake late Friday.
In comments, Bass said "You can see that the pig has moved through the python in terms of US housing losses."
Earlier Tuesday the company reported October operating stats. The company said it had Primary new business written - $1.4 billion. The company had beginning primary delinquent inventory of 180,894 loans and ending primary delinquent inventory of 179,824 loans.
After rising 15 percent Monday, shares are up 8.2 percent to $3.18 early Tuesday.
In comments, Bass said "You can see that the pig has moved through the python in terms of US housing losses."
Earlier Tuesday the company reported October operating stats. The company said it had Primary new business written - $1.4 billion. The company had beginning primary delinquent inventory of 180,894 loans and ending primary delinquent inventory of 179,824 loans.
After rising 15 percent Monday, shares are up 8.2 percent to $3.18 early Tuesday.
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