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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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Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his Motley Fool CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policyassures you no Wookiees were harmed in the making of this article.
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