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No. of Recommendations: 1
folgore

Interesting. Genworth is on my list and I noticed the incredible yield. I think the only issue with them is their particular piece of the mortgage business. I was reading some chatter online, but not from a credible source mind you, that there is pressure to split up the company, because other than the mortgage piece of it, they are a cash machine. It reminds me a bit of Etrade a few years ago., but Genworth is obviously much much bigger in market cap and has an investment grade quality rating.

Incidentally, the Tenneco bonds were originally, I want to say something like BBB range or better possibly. Now two mergers later have slipped a several notches. Go figure.
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