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Brexit Pullback Is Your Chance To Buy Genworth Cheap


Brexit has sparked renewed concerns about low interest rates and created new buying opportunities.

Before Brexit, Genworth shares were trading around $3.50, but now trade at dirt cheap levels for just about $2.50.

Genworth has faced low interest rates for years now and the impact of a recent decline in rates does not warrant a major decline in the stock price.

Low interest rates are actually positive for Genworth when it comes to the mortgage insurance business, as cheap money boosts real estate values.

The market also appears to be missing the fact that Genworth's stake in the Canadian business has recently increased by hundreds of millions of dollars.

Shares of Genworth (NYSE:GNW) were trading in the...