NMI Holdings: 20% Growth, 8x Earnings? (Ticker: NMIH)
An Interview with recurring guest Fabio from Capital Mindset
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For this week’s Wednesday episode of the podcast, we brought back Fabio from Capital Mindset to discuss NMI Holdings.
You might be asking: what the hell is NMI Holdings? We were too, it is a company neither of us had heard of before.
Boy, were we totally missing out on a promising industry. NMI Holdings is an upstart mortgage insurance operator that is taking market share year by year.
As Fabio details in the episode, this is a promising sector to be in given the regulatory landscape, locked-in customers, and low loss ratios.
Listen to the full episode for a great primer on a fascinating industry. Just look at these charts (from our friends at Finchat.io):
Low P/E, history of strong book value per share growth, and lowering its share count. Yummy.
-Brett
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