A couple of things. AGO is well capitalized as demonstrated in their detailed presentations. Capital is not the issue even though the #$%$ at Moody's think otherwise.The company is the strongest it has ever been . They also have major lawsuits pending that they will most likely win and bring in some major cash. Secondly with interest rates so low the good credits have not been seeking insurance making the company less valuable to a outside buyer. I think the best plan of action is to due a combo of buybacks and distributions. My only concern is that he does it with us as shareholders and does not go private first and do it.