Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Brand, good points. However, after years of a great run in the market, it's likely a big correction coming. And when that happens Syncora will sell off with the market. And, I just don't expect Syncora to get off the pinks. Also, the lawyers at the NYID, will likely be controlling Syncora for years, yet. IMO.
Brand, The board would not sell. No entity can own 5% or more. Clear now Syncoras board did that to sit on and cover their arses to keep their positions, indefinitely. As to settling lawsuits monkeys can sign off on what a tribe of lawyers recommend. As to the acquisition of swap financial, etc, the jury is still out. This is not a R&D drug company, and the clock has run or is close to running out. IMO.
PREPA, lawsuits, surplus,etc., don't mean a hill of beans. NYID releasing control, AND getting off the Pink Sheets are the two remote events that have the potential to turn around sentiment. I know you guys think management has done/doing a good job, I don't trust them, they present to be self-serving, arrogant and have one main objective. To keep their jobs. Keeping their jobs and the way they did it was brilliant. And all their jobs look safe until runoff is over, which could take many years. Some at Syncora are inept or worse and should be put out to pasture. IMO.
Brand, I'll concede that one day, Syncora might be worth something. However, for awhile now and likely for the foreseeable future Syncora is DOA. IF somewhere in the future there is proof that Syncora a viable company, holding this company as part of a diversified portfolio could be prudent. Until that time Syncora is highly speculative to say the least, and after five plus years the risk far outweighs the remote possibility of reward. IMO.
Lone, I disagree, they will drive this down relentlessly. And when they don't, volume will be too low or no volume at all. And when it goes to say .30 cent or so it will sit for a prolonged period. Probaly until the clock run out. I'd bet that tomorrow, we have very little or no trades. IMO.
Old, I don't know what stock you been following, but of course they have been selling and the selling will continue, as they knock down the bid/ask. It's been a pattern for well over a year. Low or no volume in Syncora portends another leg down, sooner or later. IMO.
Old, yes it is, how different people view things. However, volume spiked when we dropped, so right now no one buying at the bargain price of .92. IMO.
"They are whoever's been dumping going on two years. They are whomever probably has information most don't. Likely a fund, a couple of hedgies or more. IMO.
They will have to eventually drop the bid/ask a lot lower to entice any volume buying. Only newbies foolish enough to buy now. Tape don't lie. IMO.
Brand, I am convinced that it is more and more plausible that the clock has or could run out for Syncora. Also, that the old men on the board and management are inept or worse and probably full of you know what. What's ironic is common shareholders will potentially be the only fatalities. Management/board will do fine, regardless. IMO.
Brand, IF Syncora was worth more, why hasn't anyone cared to buy Legg Masons shares. Something is very amiss. IF Syncora had/has or will have value, I would purpose that 5 years or so AFTER they shot themselves in the foot, someone would be scooping up shares. Still possible that the old men on Syncora's board and the NYID with that MTA and indefinite oversight, continue to indefinitely impede any chance Syncora has of unlocking potential value. Once an illiquid pinky, always an illiquid pink sheet company. IMO.
Haven't posted in awhile. This is a pink sheet stock, and Syncora may not be making adequate current information publicly available. Duh, with Syncoras board and a tribe of NYID lawyers, running Syncora, obviously the public's out of the loop. And as I surmised, the bond market, and insurers are in for years of tough going. Most will survive, but as an investment, steer clear for the foreseeable future. However, if Syncora drops to say .40, might be an opportunity. IMO.
Do your own DD, however few companies have the potential, long term of this one. GLTA.
Brandemarcus, I capitulate. I have no idea whats going on with the stock or company. I will refrain from further derogatory, nonsensical comments. You and many on this board have done a good job with research and DD. I wish you all the very best in all your investments and endeavors. IMO.
I am trying to understand if Syncora worth more why has the trend been lower for a long while now. EKSO an example of a penny stock that they pushed down but recovered quickly. Maybe a reason is that Syncora has years yet, before we know Syncora's fate. IMO.
Just trying to grasp, why if this company/stock was worth say north of $1.50, why years after the financial crises and MTA, Syncora stuck. Something not right, and management has not been helpful. Something's amiss. IMO.
That dang MTA. How do a tribe of lawyers take complete control of a public company, indefinately? I know you guys will defend the bozos at Syncora, that they had no choice. Unfortunately, having a bunch of New York lawyers, in effect running the company and telling bozo management when to f**t, is likely one of many reasons this is a dead company/stock. Government lawyers can get away with almost anything. The MTA was fishy from its inception. IMO.
If Syncora was worth, let's say $1.50, why have so many shares recently traded much lower. That 900,000+ shares at $1.1744 a case in point. Sorry to be the fly in the ointment. IMO.
During Management's conference call, it's what they failed to address, (that was mentioned by the board) that is cause for concern. I just believe that management for the most part is sitting on their collective laurels, content they have survived and will keep their positions indefinately. No skin off their backs, that Syncora dead in water for next five or ten years? Syncora may have some intrinsic value many years from now, unfortunately this is not my grandpa or my pa's market. IMO.
"The clock may run out on Syncora's comeback". And not knowing when it maybe game over, negates this being a value play. Too many expensive lawyers involved, indefinately, with Syncora. Not to mention the tribe of lawyers at the NYID. Still believe management is an inept, incompetent, arrogant and greedy bunch. I hope I am wrong but that Syncora keeps selling off, is because it's likely that someone's, knows more about the future prospects of Syncora than anyone on this board and possibly the management bozos. IMO.
Denny, the tale of the tape, is a fact. Under a dollar soon, newbies steer clear, watch out below. Bogus, sham company. Buy some EKSO if you like penny stocks, that's a company with a future. IMO.
The bagholder who bought 958,313 at 1.1744 finding no suckers to sell to. This scam stock, sham company, don't even trade chump change anymore. However, the market as a whole is more and more a sham/scam, too bad. IMO.
I am convinced if Syncora had hidden value, even years from now, the stock would not be at $1.25. That almost a million shares can be sold/bought at 1.1744, makes me curious as to why someone would sell so many shares if Syncora worth more? Too many years has the inept board of Syncora had to take action to enhance investor confidence. IMO.
This was/is and will continue to be a chump change stock/company. A typical illiquid pink sheet. We have been in a bull market for 6+ years now, and Syncora lanquishes. Management incompetent either purposely or intentionally, probably a combination of both. What will happen to share price when market corrects and we have a long bear market? IMO
Maybe not a conspiracy, but fishy, unscrupulous manipulation, that will continue indefinately. I would consider buying under the 1.1744. 988,3313 shares were sold and bought, at that price. Think about it, if those shares can be dumped over time for say a five cent profit, that's a lot of money, even after commissions. IMO.
However, almost a million shares traded at 1.1744. Why would someone sell 958,313 shares for 1.1744? Maybe to make a few cents selling/flipping shares to newbies? IMO.
Doubt if this sell off a gap being filled. More likely, whom ever's dumping has a boatload to unload. And they are trying to do it without a panic from retail. Smart. IMO.
Don't worry, more toxic crap these Bozos insured, will implode. Only on Wall Street can inept, arrogant management/boards stay employed and well paid, indefinately. Anyone know what Syncora's G/A expenses were this past quarter? Management refused to have a conference call this quarter. Not very professional. And a reason to sell, maybe? IMO.
I am not frustrated, just don't want newbies to lose money. Management a farce. MTA was/is a farce. Surprised NYID allowed it, most lawyers sneaky, underhanded. Why details so secretive? Was/is a good way to allow management to keep their jobs. Maybe, depending on future circumstances I would buy more Syncora around a buck. IMO.
If the value of Syncora deeply hidden, what does that mean? That an investor has to wait patiently for how long? If people have surmised that Syncora will languish and/or drift lower for years, why not sell or lighten the load and wait for some hint that management not asleep at the wheel. IMO.
Stop pumping this sham company. Management inept, arrogant. Thier main goal, priority since the MTA is to keep their fat paychecks coming, indefinately. They have insured to much toxic crap. $1.20ish soon. Steer clear. IMO.
Rock, very likely that at least one entity/investor dumping, and a boat load of shares. And you have to wonder if they have or discerned inside information. And/Or they have discovered that this is dead money/company for way too long into the future, with still a high degree of risk/uncertainty. IMO.
I surmised Syncora would hit $1.50 but not this fast. Potential is high now for Syncora to drift to $1.20ish over next month or so. Eventually after a possible dead cat bounce, good chance for Syncora to go under a dollar and stay there. Generally, illiquid pink sheets not a prudent investment, and try to never fall in love with a stock. IMO.
Wow, look at fmcc today. Now that's a pinkie to own! $5.00 here we come. Big boys in on that. IMO.
Management of Syncora self-serving, like too many public companies. They are also an arrogant bunch. And have demonstrated, that keeping their jobs and kissing the arses of the NYID lawyers, paramount. An example of Susan and the boards arrogance is when they gave the PR guy Corbally a new title, because obviously for a long time he wasn't doing a darn thing as the PR man. IMO.
Tommorrow up down a penny or two, on little or no volume. 1.50 in a month or two. Earnings meaningless, pink sheet stock, with no rationale to buy an hold. IMO.
Hi everyone. After the news and volume Friday, maybe, eventually Syncora's management will have the abilities to make Syncora become a viable, diversified company. As Denny said, hope they didn't over pay for swap financial. Hoping we hear something definitive from management soon. Wondering how NYSID allowed/agreed to them buying a majority stake in swap financial, while continuing to hinder and/or block them from writing new business. Still feel Syncora's management an arrogant and not very forthcoming or proactive bunch. Also, headwinds with the market and especially financials this year. On the plus side this year is more a stock pickers market. Hope Syncora turns out to be one. Will add more shares on weakness. GLTA. IMO.
Jboy, great post. We don't know anything about the details of that MTA, except that it was confidential, a great way for Susan and the board to keep their salaries, perks indefinately. And a great way to sit back and let the lawyers go at it for years. And effectively relinquish control of the company to government lawyers for who knows how long. Too many years have gone by and Susan and board still up in their plush New York offices, doing very little day to day. Only on Wall Street. At $1.50 maybe able to make money IF it spikes, again. IMO.
A percentage of common shareholders, will capitulate sooner or later. No news will move Syncora much higher for long. Complete control of Syncora by stock market mafia. Some drug companies poped today. IMO.
No advice. however, if you wait long enough and if/when retail investors unload, and if you could buy some cheap, say around a buck, maybe flip and make some money. IMO.