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What: Shares of Genworth Financial
So what: Sandler O’Neill + Partners named five life insurers with major U.S. debt exposure, including Genworth, which could see lower book value as the value of its Treasury holdings decline. Others named in the report included Aflac
Now what: It's far too early to know the implications of the downgrade on book values, but Sandler said declines could come, and if they do, the corresponding stocks would take a hit. Genworth seems to be falling in anticipation of exactly that. Is the haircut deserved, or are you buying at these levels? Weigh in using the comments box below.
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