Operating earnings were 29 cents a share, but this included FSA acquisition costs of 17 cents a share. As I see it, earnings should improve next quarter if all normal business activities stay at the same level.
Reportedly No. Actually No. Reality No. Deceptively Yes. Losses keep mounting and FSA has much greater exposure to be reported next qt as a combined public traded company. FSA's previous performents were all buried in its former parent's company Dexia.
I agree, and when the value of derivatives increase and post an unrealized gain next quarter, I'm gonna laugh my ass off. I hope AGO nosedives in the morning so I can buy some more. Garrrrr, I'm a pirate.
I agree with you but let us see what they actually tell us. I am a little worried if buffett thinks there are not enough margins in this business to cover the future risk... What do you think? But numbers wise, I think you are correct.