Saturday, June 09, 2012
Housing Market Jitters Keep Lid on Genworth's Share Price
Q: What impact would a 15-20% housing market price correction have on this thing?
A: The one that is already priced into it.
Q: Would Genworth make any money in a market correction?
A: Not much, but, yes. Slim profit or approximate break even.
Q: How long might a market correction last?
A: 3-5 years.
Q: When did you say you might need that RRSP money?
A: 2035, or thereabouts.
Q: Interesting.
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