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White Mountains Insurance Group, Ltd. (WTM)

NYSE - Nasdaq Real Time Price. Currency in USD
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1,013.00+0.49 (+0.05%)
At close: 04:00PM EST
1,013.00 +3.36 (+0.33%)
After hours: 04:05PM EST
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  • v
    vinesandivy
    $NOVC conversation
    Novation Companies Inc. $NOVC FLOAT 104.7M per Market Watch is NOT RIGHT https://www.marketwatch.com/investing/stock/novc
    CSOS 117M yes that agrees with $NOVC Audited (www.boulaygroup.com) 2020 10K. Float is negative shares as explained below:

    $NOVC 117M Shares Outstanding Diluted less 125M shares held by private investors that do not trade include; 18M RSUs taken by Board of Directors led by Barry Igdaloff, Chairman of $NOVC. Flat is negative CSOS 117M vs Float 104.7 as 18M RSU exist. CDOs hide the real ECOMOMIC OWNERS related to Barry Igdaloff, Chairman of the Board include; Fortress hidden by Taberna CDOs and EJF Capital hidden by Kodiak CDO I own 31.3M (SEE https://www.globenewswire.com/news-release/2019/08/09/1900133/0/en/novation-companies-inc-executes-first-amendment-to-senior-secured-note-purchase-agreement.html), Mass Mutual Barings 19.3M is restricted from Selling without NOVC Board of Directors Approval plus 40M shares are held by CoB and his co-investors plus 35M $NOVC Common are held by small count of private investors. This totals at least 125.6M shares not traded. The 125.6M does not include $NOVC common held by $JEF Jefferies formerly $LUK or the remaining 696 Shareholders of Record (see page 7 of 2020 10K 696 Shareholders of Record).

    $NOVC FLOAT is really negative, which is in theory impossible. On top of this 50M NOVC common have traded from 12/28/20 to 9/30/21 on No News & Going Concern of which more then half have been shorted per www.otcshortreport.com/company/NOVC Going Concern per 2020 10K Audit by www.boulaygroup.com is created by failing to share CDOs Fortress/Taberna and EJF Capital/Kodiak CDO own both $NOVC only Sr Debt valued at only $11m FMV per 10K 2020 and at same time Fortress and EJF Capital own 31.3M Common $NOVC Shares 27% see Globenewswire link above. Evidence shows Barry Igdaloff, NOVC Chairman and his cabal of investors own at least 40M $NOVC common made a mint with Fortress 2000-03 in restructuring Dynex Capital NYSE $DX. Igdaloff served on $DX Board for 20 years from 2000-2020 (per DX 8K 9/3/20). Barry Igdaloff & most of his cabal including Howard Amster 2 of 3 Board members collect .13 ct monthly $DX common DIVIDEND $1.56/share annual priced at 9% yield into 18/share DX pps. Mass Mutual & sub Barings want to use at Novation Companies, Inc. $NOVC $730M NOLs www.healthcare-staffing.com HCS ($NOVC only operating business unit) and Rights (Cleanup Call Rights that control the future use of rich, seasoned collateral assets to Billions in NOVC $3B RMBS portfolio see $NOVC cleanup call rights (per Service Rights Transfer Agreement Section 5.04 attached to back of Q3 2007 https://sec.report/Document/0001193125-07-247545/ see Exhibit 2.1. Fortress, Wes Edens, CEO named by Wall Street Journal the New Subprime aka Non-QM KING after Fortress sold $3.8B Nationstar to Mr. Cooper $COOP formerly called Washington Mutual symbols $WAMU, $WMIH held 9B NOLs. Fortress owned 70% of Nationstar Wes Edens replaced himself at the new entity called Mr. Cooper $COOP by Jay Bray, CEO and COB – KKR owned 24% pre $COOP and $NSM merger and 17% post merger.

    Fortress/EJF behind CDOs Taberna/Kodiak control $NOVC are owned by Softbank $SFTBY / $WTM they own 91M of 117 shrs out/10K 2020 they also own $NOVC only Sr Debt in $NOVC. Why would any investor use Sr Debt that pays 3 Month Libor 12 Bpts + 350 Bpts deemed almost worthless by top 200 CPA firm Boulay Group. Fortress and Barry Igdaloff and most his co investors that own at least 40M NOVC common restructured Dynex Capital NYSE $DX where NOVC founders Scott Hartman and Lance Anderson worked before founding $NOVC formerly traded NYSE $NFI. NFI traded under the same MREIT exemption as $DX and another Fortress restricting $NRZ, $SNR and $GCI 3 tax exempt MREITs split out of Newcastle $NCT before changing name to Drive Shack $DX www.driveshack.com ask Investor Relations for Wes Edens Dynex Capital Shareholder Presentation Dec 2016.

    Fortress hidden behind Taberna CDOs, is wholly owned subsidiary of Softbank Group Corp $SFTBY (Softbank buying back $9B or 15% of their common stock with $125B cash) & EJF Capital www.ejfcap.com hidden behind Kodiak CDO One is owned by sub (Kudu Investment Corp) of White Mountains Capital $WTM these CDOs held by Fortress and EJF Capital own at least 31.3M 27% $NOVC common ($WTM was Founded by Jack Byrne ex CEO of GEICO) and #MassMutual & sub Barings formerly called Babson Capital let alone their other affiliates and Ex Dynex Capital NYSE $DX Board Members that control NOVC Board can fund $NOVC true Ch 11 Reorganization via NOVC Preferred Stock Series F Shelf Offering buried inside NOVC poison pill renewal (designed to save $730M NOLs from IRC Section 382) Rights Offering, see Oct 2018 Proxy 14A https://www.marketwatch.com/investing/stock/novc/SecArticle?guid=12923098 page 12 prices $NOVC common at $2.33/share exactly Mass Mutual cost basis. Rights Offering $NOVC Preferred Stock Series F Shelf Offering provides for a
    NOVC | Complete Novation Cos. Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
    NOVC | Complete Novation Cos. Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
    www.marketwatch.com
    Bullish
  • s
    sno
    Another day, down another $20. WTM needs to be broken up and sold off in pieces. Because mgmt isn't doing anything. WTM is a CLASSIC textbook case of a "Value Trap". WTM needs to start selling off SO MANy of their smaller investments and focus on the FIVE best & largest ones they have...and then buy back another 400,000 shares and THEN SPLIT THE STOCK 15-1 to get liquidity and ANALYST COVERAGE. Look at it this way. if someone offered $1,400 a share for WTM right now, the Board ( I am sure) would reject it as too low. SO WHY do they allow WTM to go down every day and now just above $1,000 a share?. WTM has never been able to trade at a premium to the UNDER PRICED "stated" book value....and the REAL book value is still much higher because WTM carries a lot of stuff at cost or below real market value. WTM mgmt hypes they are value oriented investors....yet the BIGGEST value play is in front of their own eyes and they do nothing.
  • q
    qtrnomore
    Close this one down.
  • Y
    Yahoo Finance Insights
    WTM is up 5.19% to 848.00
  • Y
    Yahoo Finance Insights
    White Mountains Insurance reached an all time high at 1192.69
  • Y
    Yahoo Finance Insights
    WTM reached a new 52 Week Low at 798.44
  • Y
    Yahoo Finance Insights
    White Mountains Insurance reached a 52 Week low at 861.19
  • Y
    Yahoo Finance Insights
    White Mountains Insurance reached a 52 Week low at 793.90
  • Y
    Yahoo Finance Insights
    White Mountains Insurance is up 5.17% to 1168.48
  • Y
    Yahoo Finance Insights
    White Mountains Insurance is down 5.63% to 1196.17
  • Y
    Yahoo Finance Insights
    White Mountains Insurance is up 5.19% to 953.00
  • Y
    Yahoo Finance Insights
    White Mountains Insurance is up 4.93% to 918.33
  • Y
    Yahoo Finance Insights
    White Mountains Insurance is down 5.36% to 893.41
  • Y
    Yahoo Finance Insights
    White Mountains Insurance is up 6.38% to 961.49
  • Y
    Yahoo Finance Insights
    White Mountains Insurance is up 4.97% to 844.00
  • A
    Alan
    Did WTM buy back all their shares yet?
  • Y
    Yahoo Finance Insights
    WTM reached a 52 Week low at 793.90
  • Y
    Yahoo Finance Insights
    WTM reached a 52 Week low at 861.19
  • Y
    Yahoo Finance Insights
    WTM reached a 52 Week low at 759.70
  • Y
    Yahoo Finance Insights
    White Mountains Insurance is up 5.21% to 861.00
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