Assured Guaranty Ltd. Message Board
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Will Frederico put us into runoff !!!!!!!!
These rating agency's are late to the game and are making up for lost time just when the economy is doing better. Where were they 4 years ago. What a bunch of #$%$. Now that Moody's killed us, Frederico hinted they have a sub that they could roll out that could garner higher ratings. Or will he put us into run off and give us $40 plus in distributions over time. I vote for the latter. In any event this is still cheap and just got cheaper today. I look foward to hearing Frederico's reponse to these #$%$.
Sentiment: Strong Buy
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My guess is he will either sell the company to a larger, better capitalized insurer or look to the private equity markets and take this private. Both cases results in a premium to the current share price. No muni issuer of decent credit quality will deal with Assured anymore.
- 1 Reply to white_sox_curse
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A couple of things. AGO is well capitalized as demonstrated in their detailed presentations. Capital is not the issue even though the #$%$ 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.
Sentiment: Strong Buy
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As at 9/30/12 adjusted book value of AGO was $47.09 .
Sentiment: Strong Buy
- 1 Reply to valueguy66
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So there you have it. Frederico lashes out at Moody's in his typical brilliant fashion. It looks like we will be launching a new sub to do muni's . No runoff at this point. We shall see.
Sentiment: Buy
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