New York, NY -- (SBWIRE) -- 05/29/2013 -- Triad Guaranty, Inc. (OTCMKTS:TGIC) is one of the most exotic stocks you could find among alternative- reporting pink sheets, the rock bottom of stock quality. TGIC took a long time to get there, and it's mostly the cause of the real estate and mortgage market bust. The company receded from regular OTC filer to alternative sporadic trading with estimated 300 shareholders, after regulators took over the mortgage insurance branch, Triad Guaranty Insurance Corp.
It is confusing then what made traders mop up 4.8 thousand stocks, raising TGIC 355% to 76 pennies.
The organization has not seen a marketing, and the factors behind the increase are usually unidentified. Still, the light red piece marketplaces seem to be the landscape where traders try to obtain even from the accident of the home loan insurance coverage giant.
Currently, TGIC has little to provide with regards to actual business, and all details issue a cotton wool swab by to endure in some type after the results of harmful home loan documents. With no further details, TGIC is a big unidentified, probably creating on its own on dangerous wagers that could energy a pattern. In a unusual and dangerous shift, pumpers may take up the recently effective ticker, but they will have a lot of describing to do about the red banners around this organization.
Historically, TGIC shows the following achievements in the latest financial report:
1. $820 million total assets
2. $1.6 billion total liabilities
3. $32 million total revenues
4. $31 million net loss
Of course, it is hard to make heads or tails of these numbers in the conditions of a meltdown of securities valuations. But still, it is easy to see an immensely active, immensely leveraged operation that proved unstable.
In any case, we will track TGIC to see how the drama develops, but until then it is best to avoid investments of unknown risk unless you can afford the losses.
For earnings history and earnings-related data on TGIC
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