Nah- I think is was the Insurance Insider article that said Navigators and Amtrust were rumored to be making offers, and that several major run-off insurers were insterested as well. I doubt anyone is making big bets in this stock based on earnings
What is funny is that people were making the same bet on Tower Group (TWGP) that became the SinkHole. The longs were all talking up book value and tangible book value, but by the time SinkHole's management got done writing up the loss reserves, the best they could get from an AmTrust affiliate was $3. This turd is still a short -- None of them, not AmTrust, and any of the other runoff management firms, will pay up for this #$%$ -- they will all wait for it to wilt first.