Just wait. When they are done making money the price per share will go back up. If you are on margin, perhaps you should rethink this in the short term.
It is a hollow potential. At this point MBIA has only survived and now has the opportunity to rebuild their business. And yes considering how far they fell ... there is much potential for upside. But increasing share value will require more than potential. MBIA will need to stabilize their financials and start to show consistent improvement in revenues, cash flow and profit. When that occurs the price will skyrocket. Until then it looks to be a good trading stock.... buying and shorting.
You sound like a guy who fell in love with a stock. It drops 20% in a few weeks and you claim everyone is wrong. It doesn't matter what you think. I matters what the market thinks.
Then they took legal action against many of their customers. Do you think they will get them back? Will that fact make others think twice before doing business with MBIA. Things in the market have changed .. only time will tell. I think the rate of change in revenue increases will be the first sign.
Maybe it just got ahead of its self.
I wish you the best of luck Dell. We're all in this together ... just trying to make a buck. I've been in this stock 2 years and it is good to have a lot of this behind us.
Some believed that at $16 the stock was over bought and they sold. Buying back at $14 is not foolish it was a good read of the market. What's wrong with making money in both directions ... unless you're just a pumper who is just afraid of missing the big run up
When I invest in stocks I look for revenue, operating income, cash flow and balance sheet. I only look at PE, BV to see how the stock ranks in its sector; they are not a reson to invest in themselves. If revenue, operating income, cashflow and balance sheet don't look right; the rest doesn't matter. It's a big world and everyone has their own investing strategies.
If the metrics you cited were true MBI would already be at much higher levels. But they aren't. This stock isn't going to take off from here. The company will need to prove they are strong again.
That's true based upon some unusual adjustments in expense reserves. Still revenue dropped in that period over 15%. None of this looks like a company firing on all cylinders.
The metrics you mention are really secondary. When the company starts posting credible increases in revenue, operating income, cash flow and an improved balance sheet, that will be the real measurement of shareholder value. This company has been "cleared" to survive. Soon the news and hype will all be baked in and the company needs to produce the numbers; that's what I'm looking for.
I don't believe in your conspiracy theory that there are people out there trying to trick you out of your MBI shares. It's a market. Markets rotate. HOPELESS?
Funny. When people sell at 15 to 16 you call them FOOLS. Now when people sell into the 13s you call them Weak. Without putting new money in this stock, maybe this is just a good time to average down. Who knows?