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Old Republic International Corporation Message Board

  • I guess we can write-off that remaining $50mn in MGIC

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    • actually, MGIC may eventually have a tiny bit of equity value - there is a lot of noise around this name also - for adventurous investors, the MGIC 2015 bonds are a good bet (but speculative!) - they have the cash at holdco to pay them, and are very unlikely to downstream more than would be required for 2015 maturity, as would prob. ensure eventual bankruptcy - would be more likely to put the subs into partial run-off - it is a binary bet though - they either keep the redemption cash at holdco or they dont - dont think there is much middle ground -

15.18+0.08(+0.53%)Feb 26 4:01 PMEST

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