BAC to take a stake in MBIA
Sentiment: Strong Buy
Yes, 5% and offer a credit line of $500 Million.
And hence the sudden Ka BOOM in bid movement...value finally beginning to become unlocked...
Really? I get it for MBIA, but not for BAC. The former is a 2 bil co, the latter a 130 bil co - I think the action is overblown, although I agree down the road there is value in BAC. Up nearly 5% on that news is nonsense.