Radian Group might as well be a poster-child for the mortgage crisis. Members of ‘da group’ describe the company as “a leading provider of credit enhancement.” Translated into English that means they insure mortgages and do all kinds of fun stuff with the money, but mostly they just lose it. And boy have they lost a lot of it.

Unfortunately for investors, the recent credit crisis has nuked the stock: it has lost nearly 98% of its value in the last year. The stock fell from a high of $53 dollars per share to yesterday’s close of $1.10. Radian Group was once worth over $4 billion dollars, now its market cap is a meager $84 million. Check out their awesome chart.

To put things in perspective: the company has over $1 billion in cash, but the market thinks they are so fucked that they’re only worth $84 million.

Their website is so insightful:

Shoutout to the executive team: S.A. Ibrahim, David M. Applegate, Stephen D. Cooke, Paul F. Bognanno, Teresa Bryce, Robert Quint, Rick Altman, Jeff Cashmer, Jack Praschnik!