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Assured Guaranty Ltd. Message Board

ccclgb 4 posts  |  Last Activity: Nov 25, 2014 1:48 PM Member since: Aug 26, 2013
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  • Reply to

    Div cut unlikely

    by goat_frank Nov 25, 2014 9:05 AM
    ccclgb ccclgb Nov 25, 2014 1:48 PM Flag

    The Chairman is no fool and would not put those $$ out to buy his stock if he thought the dividend was going down. He owns so much of the stock vs a normal US company he is like the only shareholder. I am sticking with the Chairman.

    Sentiment: Hold

  • Reply to

    Predictions

    by mag6277 Nov 16, 2014 10:34 AM
    ccclgb ccclgb Nov 25, 2014 1:40 PM Flag

    I have not done a detail check on AMBAC in awhile so have some level of guessing. I think AMBAC is holding back on info and will suddenly show its results once the dust settles on the BK forced on them by the IRS and the JPM and BAC lawsuits. Common sense says the housing market has done great, a huge problem in 2008 for AMBC . All of their investments have increased in value, again a correction from the 2008 problem, not turned sour. Insurance coverage problems seems to be OK. AMBAC has about $4 BILLION in tax loses going forward. I will look again when I get a chance but I still hold lots of AMBC stock.

    Sentiment: Hold

  • Reply to

    Div cut unlikely

    by goat_frank Nov 25, 2014 9:05 AM
    ccclgb ccclgb Nov 25, 2014 1:18 PM Flag

    Seadrill's Chairman and largest single shareholder just bought 2 million more shares this summer at about $26 per share. His single holdings are immense. I have a hard time believing he would agree to cut the dividend, about $2,000,000 per quarter on the new purchases alone. I bought Seadrill (at less than $26) as he bought Seadrill.

    However, it the dividend is cut 50% its still about a 9% return with dividend taxes. Still a great deal as someone below notes.

    Sentiment: Hold

  • Reply to

    Predictions

    by mag6277 Nov 16, 2014 10:34 AM
    ccclgb ccclgb Nov 20, 2014 4:23 PM Flag

    AMBAC has major lawsuits against BAC and JPM worth far more than the current Book value of AMBC. When these settle you will see AMBAC soar. Read the history of what is going on with AMBAC vs flapping your internet typing jaws.

AGO
26.40+0.12(+0.46%)Dec 26 4:00 PMEST

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