Genworth Financial (GNW): A Good Return but Time to Sell

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We invested in Genworth Financial (GNW) during November, 2012 after the share price fell to $5.50/share. The investment thesis [Source] discusses the company then trading at about 16% of book value ($33.52/share); 25% of estimated intrinsic value ($22/share); and 32% of net tangible assets ($17.31/share). The worst of the financial crises was behind it and at that price, equity holders were still well covered with $3 of tangible assets for every $1 they invested in the shares even after all Continue Reading

A New Chapter for AIG

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Robert Benmosche, CEO of AIG was confident that the sale of International Lease Finance Corporation (ILFC) to AerCap Holdings N.V. would close:  Continue Reading

Genworth’s Australia Debut

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Genworth’s Australia debut raised $545 million in U.S. dollars and begs the question; now what? Genworth announced [Source] that it's' subsidiary, Continue Reading

Brookfield Asset Management (BAM) 1Q14 At an Inflection Point

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Brookfield Asset Management (BAM): reported [Source] Funds from Operation (FFO) the company's measure of cash flow, was $492 million for 1Q14 Continue Reading

American International Group (AIG) Reports 1Q14 Results; Progress on a Bumpy Road

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American International Group (AIG) reported 1Q14 earnings [Source]. The new trend with AIG quarterly reports is a mixture of good and not so good Continue Reading

Brookfield Infrastructure (BIP) Reports 1Q14 Results; Remains a Solid Investment

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Before jumping into the quarterly report (which was good by the way) let’s take a moment to reflect on why we’re invested in this business. Good Continue Reading

Brookfield Property Partners (BPY) Getting the Job Done with Good 1Q14 Results

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Brookfield Property Partners (BPY) reported results [Source] for the first quarter 2014 with fully-diluted Funds from Operations (FFO) of $174 million Continue Reading

Genworth Financial (GNW) 1Q14 Executing and Getting Stronger

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Genworth Financial (GNW) reported 1Q14 earnings on April 29, 2014 [Source] The company reported net income of $184 million, or $0.37 per diluted Continue Reading

Brookfield Property Partners (BPY) Well Positioned

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Brookfield Property Partners (BPY) is a leading global commercial property company with operations that include premier office, retail, multi-family, Continue Reading

Genworth Financial (GNW) Update

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Genworth Financial (GNW) operates two core businesses: 1) U.S. life insurance (life insurance, leadership position in long-term care insurance and Continue Reading