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MBIA Inc. Message Board

  • idpatton01 idpatton01 May 9, 2013 8:05 PM Flag

    Interesting Posts

    Most are hoping for the worse. here is how I see it. They are restoring this company to pre crash levels in terms of capital and clients. MBI was a victim. They did all the right things. This was a $20 dollare stock in 1995. In 2003 it was a $50 stock. Hit $73.86 right before the crash in 2008. In 10 years the stock doubled twice plus dividends. With all this infusion of cash, and what I have noticed it will take 5 years for this company to be generating profits it was earning in 2007. From $15 to $73 If you bought 10000 shares today $157000.00 investment In five years $730,000.00 to $1,000,000.00 will be your return. Thats all I know and that does not count about $20 in dividends.

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    • On a somewhat related note what do you ( or anybody else ) think of Syncora (SYCRF) currently at 0.43 ?

      • 1 Reply to ricknagra
      • SYCRF this company has no value at this time at this time. However...Their is a suit pending an a decision is soon. Jefferson County officials said the county could be forced to pay an additional $770 million in legal awards if two bond insurers are successful in fighting J.P. Morgan Chase JPM -1.45%& Co., which put together the county's complicated bond deals worth more than $3 billion that it used to pay for its sewer system upgrades.

        Those bond insurers are suing J.P. Morgan over $8.2 million of payments that the bank paid to Alabama financial advisers and firms that were involved with the deals and had ties to former Jefferson County commissioners, who had the power to sign off on them. Those deals became the target of a federal corruption probe, and several county officials and individuals who did business with the county went to prison

        I love the defense of small towns this is a quote (The county defended itself against the alleged fraud, arguing that the bond insurers "should have known the risk of issuing insurance policies" on the bonds.)

        J.P. Morgan has the power to pass any legal judgments in that lawsuit onto the county, leading county attorneys to ask the bankruptcy judge presiding over its Chapter 9 case to block that lawsuit from moving forward.

        Seems to me this is another $770 million dollar fraud If Syncora (SYCRF) wins this stock goes zoom. Most likely they will win if they can make it to the close of the case

    • One last thing all that stuff about risk and negative derivities is BS. They are forward looking statements that have not occured. management at MBI is tough. They survived where most companies would have failed

9.77-0.19(-1.91%)Jul 30 4:00 PMEDT

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