In fact, National didn't agree on the latest forbearance-period extension, following the announcement of Prepa's agreement with the Ad Hoc Group. This would mean Prepa would have to secure an agreement with National by Sept. 15, 2015, the last forbearance deadline agreed to by the insurer. As of presstime Monday, Sept. 14, 2015, Prepa hadn't announced an agreement with National.
"The utility is on the same page with the bondholders," said one source with knowledge of the negotiations, who chose to remain anonymous. "They are getting very close with the banks and the fuel-line lenders. The biggest problem is National, MBIA. I mean this is life or death for MBIA."
I've seen some big blocks go thru lately. Hasn't shown up in option activity but watching. Sooner or later...I think!
I like the company but your price target is funny. I suppose a $19 price target by Jefferies and a $22 by Wedbush add up to $41...LOL!!!
Love "The Street's" hit piece this AM. AA sells off early cuz aluminum prices have been weak this Q? Geez...like we've all just been blessed with their uncanny insights!