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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