Genworth is Cheap but Exposure to Canada, Australia WorrisomeRupert Hargreaves
Genworth Financial Inc (NYSE:GNW) has been a good play on the housing recovery so far this year. Indeed, the company still trades at a discount to book value, which, excluding accumulated with other comprehensive income, stood at $23.4 per share at the end of the second quarter. Earnings per share are expected to grow 10% this year and on a forward earnings basis, that makes the company one of the cheapest within the life insurance . . .
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