Use access key #2 to skip to page content.
$16.61 0.68 (4.27%)
9/5/2008 4:03 PM

MBIA, Inc. (MBI)

CAPS Rating:
*

The Company provides financial guarantee insurance and other forms of credit protection as well as investment management services to public finance and structured finance issuers and investors and capital market participants on a global basis.

View All Commentary (MBI)

Recs

0

Avatar Cicciano (48.16) Submitted: 7/08/08 10:18 AM : Underperform Start Price: $3.90 MBI Score: -108.75

MBI has alot of skeletons in its closet, and dividend cuts and dilutive capital raising are coming. NO reason to look at this stock other than sheer speculation.

Report this Post Replies: 1 | Reply

Avatar MENGIV (71.85) Submitted: 8/02/08 9:40 AM

Recs: 0 | Rec This

On 7-8 when you posted this I might have had a tendency to agree with you. With the development of the Fannie Mae and Freddie Mac legislation things are substantially changed. Add to that the Feds openly stated committment that they will provide low interest rate loans and we have factors that substantially improve MBI's prospects. MBI and ABK are two of the largest loan and bond underwriters in the nation. Even if they wen belly up in bankruptcy their holdings that include a huge portion of the mortgages in this country, are not going to be selling for pennies on the dollar which is what their stocks have dropped down to recently in 52 week lows. Even if the ONLY reason you looked at this stock is "sheer speculation" its a buy, buy, buy.

Report this Post Reply

Featured Broker Partners