The news is a modest positive for Assured (whose claim against JPM was rather small $43M), writes Mark Palmer, rating the shares a Buy.
No, a fear of bankruptcy would hit the common shares before the preferred. It looks more like the market anticipates more capital being raised. Is that something they have discussed?
The fear of higher rates is affecting much of the credit universe...
Check out AFSI-PA and AGIIL.
Stockton, Detroit, Puerto Rico, etc.?
There is a lot of fear out in muni-land and unfortunately AGO is feeling the effects.
Puerto Rico is no Detroit. If the sell off is about Puerto Rico it is a buying opportunity.
ADSU was just upgraded to a $2 price target by Everest Stock Market Research, add this one to your watch lists immediately we could see huge gains tomorrow morning. The last alert they put a price target on went up over 3000% same day!