What ever they do, they should get it done. They are taking hostages. You would think if it was a legitimate down grade they would just do it.
2 billion settlement and buy back 6 billion in mortgages. Means MBIA book value will be 55.00. I'm not in yet. But I'm coming in. Court case is Dec 5-6 it a win for MBI because BAC wouldn't do this bond deal if court news was going to be good.
Heavily owned by institution they will shake out the weak. Wait till moodies goes away.
Sentiment: Strong Buy
Price of stock is over valued on .80 cents annul earnings. Price should be 5 times future earnings, That's 3.20 per share.
Cooked the books on earnings again. No end in site on law suits, regulations, or economic recovery. Short or long will get taken to the would shed from the inflation yet to come.