Right, Bruce Berkowitz of Fairholme had/has been buying Freddie and Fannie hand-over-fist. I had almost given up on the guy and was thinking he lost his touch, however his 2 funds have been on fire since Trump won. One mistake he made was selling Bank of America too soon recently, and several years ago he did the same with MBIA (Sears is still up-in-the-air). The Fairholme fund was up almost 11% just today and his Allocation fund almost 8% - wow!
Syncora needs to take advantage of their NOLs, if that means selling the co, then do it. Hope current management isn't afraid if they sell, they will lose their cushy jobs. Management has done a great job since the financial crisis, no doubt about that! I got caught up in both Ambac and PMI so I know that firsthand. I'm not planning on selling any Syncora shares and will buy more if it drops to my price target, but it would be nice to see the immense VALUE that is locked up in Syncora realized.
