Are shares in MGIC Investment Corp (MTG) set to soar? At least one investor seems to think so, and took to Seeking Alpha to make the bull case for the mortgage insurer's stock:

At first glance, MGIC might seem to be fully pricing its bullish fundamentals; after all, it is trading 3.5x book value. For comparison, it traded roughly 1.3-1.5x book value from 2004-2007 and had a P/E of 12. However, drilling down a little deeper, I think the company remains a compelling value as its book value is set to soar. In a sense, the company is poised to grow into and beyond its current valuation.