Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of private mortgage insurer PMI Group
So what: PMI Group's bottom line has been bathed in red for longer than investors likely care to remember, and today's earnings report added yet another quarter to that tally. The company's loss per share widened to $1.74 from $1.06 last year; however, there was a significant non-cash charge because of a change in deferred tax assets. On a pre-tax basis, PMI Group lost $131 million, which represents an improvement from the $162 million pre-tax loss last year.
Now what: Shares of competitors Radian
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