$3.66
0.05 (+1.39%)
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.
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MBIA Inc provides financial guarantee insurance, investment management and municipal and other public finance and structured finance to the global market. They were hit hard because of the subprime crisis losing more than 90% fof their value. Down from the 52 week high of $68.98 to a mere $3.62. MBI has recovered a tad and now at about $5 a share. This stock should benefit from the new Fannie Mae, Freddie Mac and subprime loan legislation. I believe this stock will return to at least half of its 52 wk high in the next three years. 1,000 shares at $5,000 has the potential to return 300% to 1000% in three years. MBI fits my contrarian view and the worst is I lose the $5k. A risk Im willing to take with this stock based on the recent changes and legislation. In the meantime it pays a dividend.