The price is up today on good earning news, but we're still trading at less than half of book value. The only way to see better results is for the company to start writing new business.
I hope they do it. They can start this morning at $9.20 per share.
MBI's stock price is going nowhere until PREPA takes action of some kind, The stock will continue to be dead money until then.
Today's Wall Street Journal has an article that PR will be meeting with former IMF officials to get advice on their debt predicament. This is the reason the stock price is up today.
I agree with your statement, but the amendment will protect the preferred stock holders from a deferral of dividend payments only prior to November 1, 2015.
Then I"ll really get worried.