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Sagen MI Canada Inc T.MIC


Primary Symbol: T.MIC.PR.A

Sagen MI Canada Inc. is a Canada-based company, operating through its wholly owned subsidiary, Sagen Mortgage Insurance Company Canada, doing business as Sagen, which is a residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership accessible to first-time homebuyers. It has built a broad underwriting and distribution platform that provides customer-focused products and support services to Canada’s residential mortgage lenders and originators. The Company underwrites mortgage insurance for residential properties in all provinces and territories of Canada and has the market share among private sector mortgage insurers. The Company’s products and services include Homebuyer 95 Program, New to Canada Program, Investment Property Program, Family Plan Program, Second Mortgage Program, Progress Advance Program, Energy Efficient Housing Program and Purchase Plus Improvements Program.


TSX:MIC.PR.A - Post by User

Sagen MI Canada Inc > Fantastic presentation on Genworth MI Canada ...
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Comment by WDMBellon May 02, 2018 12:20am
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Post# 27968169

RE:Fantastic presentation on Genworth MI Canada ...

RE:Fantastic presentation on Genworth MI Canada ...Great article indeed.  If you check out the authors website he has a free sample letter on Macro Enterprises.  The author is long on Macro due to their fantastic assets and potential upside.  Personally I feel the market has Macro priced right as to find out the true value all one needs to do is reaserch the most recent auction information on Ritchie Bros as to the value of their equipment (which is clearly listed on their website) add the cash position deduct the liabilities and VOILA! Given the weak research on a simple company like Macro I find the macroeconomic housing analysis ridiculous.  Can housing drop?  Yes of course it can.  Is the level of debt most Canadians carry a concern? Yes.  Can you model in a scenario similar of Canada defaulting to the level the US did during 2007/08?  Not really.  This is exactly what he has done.  Furthermore the Canadian government has made many small changes to increase the stability and security of the mortgage market since 2008. I guess time will tell...
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