$0.37
-0.03 (-6.33%)
Syncora Holdings Ltd. (SYCRF.PK)
CAPS Rating:
A Bermuda-domiciled holding company whose operating subsidiaries provide financial guaranty insurance, reinsurance and other credit enhancement products to the public finance and structured finance markets throughout the United States and internationally.
RSS Headlines
Fool UK
Recs
Well....This is a Bankruptcy pick.....The only valuation left on the book are I guess the cash assets/eqvts....but Equityholders have no right whatsoever - They have a shocking Negative Equity Carry Balance -
They are hanging on by the last thread - I guess XL wants to salvage something from their stake - which they are moving to a trust - If you want to short this in real life - maybe worthwhile to understand that transaction.
I will not touch this with a bargepole and I have since accumulated hundreds of negative points on this kind of crap.
So here goes for the hope of a BK charm someday!
Otherwise , wells a -100 here and -50 there, its a bagatelle,anyway!