The dividend could get cut because it's too large versus future earnings. I plan to wait on buying COP until the price of crude stops falling.
The price of MBI is illogical. For example, If AGO is selling at 65% of BV then one could argue that MBI should get a steeper discount of say 50% of BV. It would then be priced at about $13 per share, not $6.
The value of the preferred stock traded today was only about $82 thousand. The preferred stock is more volatile than the common stock.
I concur. No impairment in earnings due to Puerto Rico and a continuation of strengthening earnings.
The market's response ti the news was pathetic.
Okay the bond insurers kicked the can down the road, but this gives PR time to work out things.
Joe Brown, CEO, just bought another slug of MBI. He's not a buy and hold investor, but a sucessful trader. His recent purchase is a buy signal