They could save 80% on overhead by firing everyone but the sales staff. Seriously, if successful the company will benefit from the idea that all their clients everntually get bailed out, and this may very well be so. But looking at the risk reward of insuring ghetto rat/ labor union elected gov'ts in places like Detroit or stinkin' Puerto Rico, that's right Puerto Rico, for pennies on the dollar makes no sense.
yaboo just updated balance sheet I could of look at AMTD or ETFC they have better FACTS my bad homework, I knew better then just trust yahoo even if I do use them. I got most of it from YAHOO and then go buy and do homework again BUT I didn't last time on RDN. RDN is not my friend but then again RDN could be my best friend in the end???? NOV 17th something update or something raise outlook??? I don't know
PennyStock101 (org) has been good to me. They are more than just an alert service. Their market commentary saved me a few thousands in losses as I avoided the whole greece and china crash.
They clearly don't turn down any Muni business. Since they are clearly going to do every deal out their, they should shut down their risk assessment/ finance department and just have a clerk with a rubber stamp.
issue more debt and keep chugging along. I mean if they sell a billion plus of new bonds, someone is buying that. And wouldn't the new debt be junior to the existing debt. And at the same time someone will be buying this and they seem to have a sophisticated understadning of the market. Just seems the blank never hits the fan
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Assured Guaranty (AGO): Approximately 10,000 July 26 puts were bought for $0.36 as investors brace for a pullback in the name. The trade follows similar activity yesterday in the June contracts. AGO rose 0.40 percent to $28.84.
Sentiment: Strong Sell
would acquiring MBIA overly concentrate risk in arena like PR?
Book Value of MBI is $20+ and shares below $10
to me, Puerto Rico PREPA bonds far less risky than in July...