Radian Group Inc. (Radian Group) is a credit enhancement company. It operates in three business segments: Mortgage insurance; financial guaranty and financial services.
Mortgage Insurance Business
This business provides credit protection for mortgage lenders and other financial services companies on residential mortgage assets. This also provides credit-related insurance coverage through private mortgage insurance and risk management services to lending institutions.
The mortgage activities are done primarily through its fully owned subsidiaries Radian Guaranty Inc., Amerin Guaranty Corporation, and Radian Insurance Inc. (which it refers to as Radian Guaranty, Amerin Guaranty, and Radian Insurance, respectively). It protects mortgage lenders from default-related losses as well as facilitates the sale of these loans in the secondary mortgage market. Radian group is providing this insurance through a flow basis (which is loan-by-loan) and structured basis (in which it insures a group of individual loans).
Financial Guaranty Business
The financial guaranty business provides insurance and reinsurance of municipal bonds, structured finance transactions and other credit-based risks. This typically provides an unconditional and permanent guaranty to the holder. Financial Guaranty Insurance can be issued at the beginning of an insured obligation.
In this financial guaranty business, the issuer of an insured obligation pays the premiums for its insurance either in these following cases.
In the case of most public finance transactions
In full at the inception of the policy
In the case of most non-synthetic structured finance transactions
In regular monthly, quarterly, semi-annual or annual installments from the cash flow of the related collateral.
Premiums for synthetic CDS are generally paid in periodic installments (monthly, quarterly, semi-annually or annually) directly from its counterparty.
Financial Services Business
The Company sold to Sherman all of its remaining 28.7% equity interest in the latter. Sherman is a consumer asset and servicing firm specializing in charged-off and bankruptcy plan consumer assets.
The Company’s competitors are CMG Mortgage Insurance Company, Essent Guaranty, Genworth Financial Inc., Mortgage Guaranty Insurance Corporation (MGIC), PMI Mortgage Insurance Co., Republic Mortgage Insurance Company, and United Guaranty Corporation.
Radian Group Inc. (Public, NYSE: RDN) 52 week 1.80 – 8.20 Mkt cap 395.60M Shares 133.20M
QuantRx Biomedical Corporation (QuantRx) is a diagnostics company that develops and commercializes point-of-care (POC) diagnostic products. The manufacture of these products is based on its technology platforms for the healthcare industry across the globe. Its platforms are the following:
RapidSense POC testing products based on QuantRx core intellectual property related to lateral flow methods, devices, and processes for the consumer and healthcare professional markets;
PAD products based on QuantRx technology for aiding the treatment of hemorrhoids, minor vaginal infection, urinary incontinence, and other medical needs, including diagnostic sampling products, which enable self collection and worldwide transport;
Single Nucleotide Polymorphism (SNP) chips;
Genome-based diagnostic chips for the laboratory and healthcare professional markets, and molecular imaging agents for Positron Emission Tomography (PET), with initial application in cardiovascular disease.
QuantRx Biomedical Corporation’s activities are also centralized to develop and commercialize PAD-based products for the Over-the-Counter (OTC) and Point-of-Care (POC) markets based on its patented technology platforms, and its genomic diagnostics based on its PADKit technology for the worldwide healthcare industry. The platforms used in this technology are inSync, Unique, PadKit, and OEM branded OTC and laboratory testing products based on the company’s core intellectual property related to its PAD technology. These are made for hemorrhoids, minor vaginal infection, urinary incontinence, general catamenial uses and other medical needs.
The Company had minor investments in Genomics USA wherein Single Nucleotide Polymorphism (SNP) chips, genome-based diagnostic chips for the genomic and proteomic diagnostic markets are being developed. The Company is also in the process of developing molecular imaging agents for Positron Emission Tomography (PET) and fluorescence imaging that is applicable in diagnosis of cardiovascular diseases.
The miniform PAD is a company patented technology which serves the basis for a line of products which solves several consumer health issues like temporary relief of hemorrhoid and minor vaginal infection itch and discomfort, feminine urinary incontinence, catamenial needs, drug delivery, and medical sample collection and transport for diagnostic testing.This PADKit is designed for the provision of preferred sample collection system for HPV, Human Immunodeficiency Virus (HIV), and general health screening, where healthcare professionals are not readily accessible.
PetMed Express is a pet pharmacy in the United States marketing non-prescription and prescription pet medications as well as other products for dogs and cats. It was founded in 1996 and located in Pompano beach, Florida. It operates through the 1-800-PetMeds project. Its products are marketed through the national television, online and direct mail/print advertising campaigns.
It’s product line contains almost 1,200 stock keeping units including popular brands of medication like Frontline Plus, K9 Advantix II, Advantage II Heartgard Plus, Sentinel, Interceptor, Program, Revolution, Deramaxx and Rimadyl. The Company’s product line provides customers with a variety of selections across the health categories for dogs and cats.
Non-prescription medications
These medications include flea and tick control products, bone and joint care products, vitamins and nutritional supplements, and hygiene products.
Prescription Medications
The Company sells medications for heartworm preventatives; arthritis, thyroid, diabetes, and pain medications; antibiotics and other specialty medications; and generic substitutes.
Other Products
PetMed doesn’t only sell medicines but other products as well like beds, crates, stairs, strollers, and other pet supplies. PetMed Express offers its products under the Frontline Plus, K9 Advantix, Advantage, Heartgard Plus, Sentinel, Interceptor, Program, Revolution, Deramaxx, and Rimadyl brands.
The Company operates and offers the non-prescription medications, prescription medication and other products primarily through three sales channels. First is through the internet; wherein you can find all their products and order online mainly by navigating their site: www.1800petmeds.com.
Second is through the telephone contact center using its toll-free number 1-800-738-6337. Lastly, you can also take advantage of their products through catalogs, brochures and postcards. The Company also offers for sale additional pet supplies on its Website, which are drop shipped to its customers by third parties. These pet supplies include beds, crates, stairs, strollers, and other pet supplies.
PetMed provides the customers with great savings on their favorite pet meds and the convenience of receiving their products right at their doorstep. The Company also prides in having extraordinary customer care service and pet pharmacy which will answer any questions about pet medications.
PetMed Express Inc. (Public, NASDAQ: PETS) 52 week 8.51 – 16.16 Mkt cap 258.29M Shares 20.34M
Stocks to Watch – Old Republic International Corporation (Public, NYSE: ORI)
Old Republic International Corporation (Old Republic) is a holding company involved in the single business of insurance underwriting. It conducts its business through a number of regulated insurance company subsidiaries which are organized into three segments:
General (property and liability insurance)
Mortgage Guaranty
Title Insurance Groups
General Insurance Group
This segment is a commercial line insurance business with a focus on liability insurance coverages. These are served to businesses, government and other institutions. However, the Company does not have any exposure to personal lines insurance, such as homeowners and private automobile coverages, nor does it insure commercial or other real property. The Company provides a range of coverages, such as Automobile Extended Warranty Insurance, Aviation, Commercial Automobile Insurance, Commercial Multi-Peril (CMP), Financial Indemnity, General Liability, Home Warranty Insurance, Inland Marine, Travel Accident and Workers’ Compensation.
Mortgage Guaranty Group
This segment protects mortgage lenders and investors from default related losses on residential mortgage loans made primarily to homebuyers who make down payments of less than 20% of the home’s purchase price. This insures only first mortgage loans on residential properties in one-to-four family houses. There are two types of private mortgage insurance coverage. First is the Primary mortgage insurance which gives mortgage default protection on individual loans. Pool insurance on the other hand is written on a group of loans in negotiated transactions providing coverage that ranges up to 100% of the net loss.
Title Insurance Group This group involves the issuance of policies to real estate purchasers and investors based upon searches of the public records, which contain information concerning interests in real property. The Company’s policy insures against losses from defects, liens and encumbrances affecting the insured title and not excluded or exempted from the coverage of the policy.
Corporate and Other Operations
This involves accounts of small life and health insurance business and those of the parent holding company and other minor corporate service subsidiaries that perform investment management, payroll, administrative and minor marketing services. This is done in both United States and Canada and are composed mainly of limited product offerings marketed through financial intermediaries, such as automobile dealers, travel agents, and marketing channels that are also utilized in some of Old Republic’s general insurance operations.
Old Republic International Corporation (Public, NYSE: ORI) 52 week 7.15 – 13.28 Mkt cap 2.45B Shares 259.30M
Odyssey Marine Exploration, Inc. (Odyssey) provides services in archaeologically sensitive exploration and recovery of deep-ocean shipwrecks worldwide. The Company used advanced technology including side-scan sonar, magnetometers and remotely operated vehicles (ROVs). It also makes use of other technologies to locate and recover shipwrecks and other lost objects at sea.
The Company’s projects involve many phases:
Research and development
Search operations
Archaeological excavation of the site
Excavation stage
Conservation, recording and documentation.
Once the project is completed, the information gathered is shared to the television, internet, books, research papers, periodicals, educational program and traveling exhibits. Odyssey also allows collectors to buy a piece of history from the shipwreck.
Shipwreck search operations are conducted from a research vessel fitted with survey equipment and can conduct deep-sea search operations round-the-clock and are deployed worldwide in the English Channel, the Mediterranean Sea, and the Atlantic and Pacific Oceans.
The Company’s Odyssey Explorer which is a 251-foot Class II dynamically positioning (DP) ship serves as Odyssey’s primary deep-ocean archaeological platform. It carries fuel and stores for 60 day-missions and also serves as an onboard storage space for workshops, an archaeology laboratory, multiple cranes and a large A-frame for handling capability.
These search projects include Atlas Search Project, HMS Victory Project, Gairsoppa Project, Robert Fraser Projects, ET 409, Subsea Mineral Mining Exploration Project, North Carolina Project, Symphony Project and HMS Sussex Project. The Company searched more than 5,000 square nautical miles of seabed in the western English Channel and the Western Approaches to the Channel, recording over 270 shipwrecks.
These are the popular projects of Odyssey:
January 25, 2010- the Company was awarded with a contract for Odyssey was awarded the for the cargo of the SS Gairsoppa which is a cargo steamer enlisted in the service of the United Kingdom for the Ministry of War Transport during World War II.
January 2010- Ethiopian Airlines Flight ET 409 crashed into the Mediterranean Sea. The Company conducted an approximate two-week transit to Lebanon to assist in the search and recovery efforts.
February 2011- Odyssey has already expanded its deep-ocean mineral exploration client base by entering into a contract with Neptune Minerals PLC, Neptune Minerals, Inc. and Neptune Resources Ltd.
Odyssey Marine Exploration Inc. (Public, NASDAQ: OMEX) 52 week 1.80 – 4.43 Mkt cap 235.85M Shares 72.79M
