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| PAST TOP PICK | 42.890 | James Cole, BA, CFA | (A Top Pick Jan 7/06. No change.) Private mortgage insurance. Mortgage losses have started to rise. Very good value. | 2006-11-13 | |
| PAST TOP PICK | 45.500 | James Cole, BA, CFA | (A Top Pick Jan 17/06. Up 5.5%.) Things continue to go well with this company. | 2006-05-31 | |
| TOP PICK | 42.670 | James Cole, BA, CFA | They are in private mortgage insurance. Has lagged its group for no particular reason. Trades around 9 X earnings, not much over tangible book value. Great company. Strong financial position. | 2006-01-17 | |
| PAST TOP PICK | 38.790 | James Cole, BA, CFA | (A Top Pick Feb 18/05. Down a fraction.) Engaged in the private mortgage insurance. Still likes. Should give a very good rate of return over the long term. | 2005-07-06 | |
| TOP PICK | 39.260 | James Cole, BA, CFA | (A Top Pick Oct 18/04. Up 5%.) Insure "higher loan to value" mortgages in the US. Also in the financial guarantee business. Because of wide spread concerns of a housing bubble in the US, mortgage insurers have fallen to trading at 9 X earnings and 1 X this year's tangible Book. Feels concerns are overblown and the prices offer very little downside and very good upside in the long term. | 2005-02-18 | |
| TOP PICK | 37.200 | James Cole, BA, CFA | Long term track record. Price has come down due to concerns on the US housing market. Very good price. | 2004-10-18 |