MBIA, Inc. (MBI)
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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it's pretty low right now, if they don't go bankrupt they should be good. book value is $13.16?? does that mean i'll get my money back if they sell everything?
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Purely technical purchase. Double bottom at 4, and macd bullcross in the daily chart.
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Great dividend. Stock cheap base on P/E, cash, insider ownership, and book value.
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Current 6.88, Sept 15 09. Limit 4.66
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This account goes contrarian to heavy free media-based bear or bull calls. A bear call on 08-13-2009 from Reuters in an article entitled "Ambac, MBIA liquidity at risk without new business" MBIA credit default swaps are trading at around 30 percent
upfront, Markit data show.
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This company seems to have survuved the worst fears. Still a tough row to hoe here with its insurance business, but the stock has been beaten down to the point where the risk is worth the potential return.
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They made a smart move seperating the winners from the losers, at the very least they will probably be able to start writing new business again which means they can make some money. In any event I think that if they don't get some tarp money they too might be finished but they are in better shape than ABK.
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Undervalued and TARP
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Oversold in my mind.
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Picking the 10 stocks in the S&P 500 with the highest dividend yield every year. This is the second year, MBI is 4th with 11.40%.
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BUY THIS STOCK
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buy low sell high..
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This stock will continue to grow. The 52 week range is $3.62 - $68.98 and I see it going into the high $20's by the end of the year.
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Will not fall out !!
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This stock will recover in due time - it will come back strong by the second quarter in 2009.
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bailout
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mortgage insurers wont fail

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