Zacks Still Bearish on MGIC

Remaining bearish on mortgage insurance company stocks, Zacks.com, Chicago, has once again given Milwaukee-based MGIC Investment Corp. a rating of #4 Sell.Zacks.com, the online unit of Zacks Investment Research, gave MGIC the same rating in January 2003. In the most recent report on MGIC, dated April 16, Zacks said earnings estimates for this year "have moved lower by $0.11, or about 2%, from one month ago, including a slump of $0.03 in the past seven trading days. MGIC Investment should get on a better track as it works through the problems that it faces, but investors may want to stay patient at the moment and hold off on opening or deepening a position until its earnings estimates rise." In August 2003, Zacks gave a #4 Sell rating to The PMI Group, Walnut Creek, Calif., and it gave Radian Group, Philadelphia, a #5 Strong Sell rating in January of this year. Zacks issued a second report on Radian with the same rating in March.