|Bid||8.236 x 330000|
|Ask||8.331 x 330000|
|Day's Range||8.374 - 8.428|
|52 Week Range||6.365 - 10.803|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BTIG’s Mark Palmer met with MBIA’s (MBI) management last week, and remains bullish on the stock. Puerto Rico’s escalating financial crisis and bankruptcy restructuring remains a major issue for the parent of bond insurer National, which insures about $4 billion in par value of the island country’s bonds. While Standard & Poor’s downgrade of the credit rating of National Public Finance Guarantee Corp. from ‘AA-‘ to ‘A’ on June 26 led MBI to cease its pursuit of new municipal bond insurance policies, management said MBI had been as willing to sell itself prior to the downgrade as it is now.
Unless you have a portfolio full of 'cigar butts,' as Buffett called them, margin of safety likely won't save you in a serious downturn
MBIA Inc. today reported that its Board of Directors has elected William C. Fallon to the position of Chief Executive Officer of MBIA Inc., effective September 15, 2017, bringing to conclusion MBIA Inc.’s long term succession plan, which has been implemented over the past two years.