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ABV of Syncora meaningless at this point. And it is because Syncora’s a perpetual illiquid pink sheet company. March 2014, after the JPM settlement was the high point for Syncora. After Legg Mason sold, the MM will now wait indefinitely for capitulation, even if it takes years. IMO.
1.70ish by the end of the week. IMO.
Syncora could collect an additional billion dollars and it would not increase the PPS considerably or for long. MM will wait until retail investors capitulate, no matter how long it takes. IMO.
Darn right I am frustrated with Syncora’s management. Puerto Rico has made most bond insurers a safe short bet and Syncora will feel the effects of the Puerto Rico debacle for years. Syncora at this juncture should have been able to deliver concrete value to shareholders. They are stonewalling, but I guess I would to if I was employed by Syncora. IMO.
Syncora’s board can’t f**t without permission from the lawyers at the NYDFS. A definition of control is to regulate and direct. Obviously the NYDFS controls Syncora. Syncora will continuously be in rehabilitation and be directed by the NYID. You have to wonder how many more years a company in runoff can continue with this sham/scam? IMO.
Irish, Syncora’s board ignorant and clueless of OTC stocks and the pink sheets. There’s a high probability that the NYID will continue to control Syncora and Syncora will indefinitely be an illiquid pink sheet, penny stock, company. IMO.
The fix is in with Syncora. Esposito will stay on until he is at least 85 years old, and he will continue kissing the NYID a**es. Syncora looking more and more like a sham stock/company. Only in corporate America. IMO.
Syncora will continuously be an illiquid pink sheet penny stock, and a sham. IMO.
Syncora has absolutely no one interested in buying. Sooner or later capitulation will happen, and selling will beget further selling. Syncora, pink sheet stocks very predictable. IMO.
MM has infinite patience. Capitulation is a given sooner or later. No reason to buy, many reasons to sell. Esposito and board continuously, purposely opaque, inept, and that’s not going to change. Syncora management loves being on the pink sheets and allowing the NYID to control the company. IMO.
The seller(s), have 10’s of thousands of shares for sale. Regardless of earnings and the conference call Syncora will continue being sold off. I expect a steep drop between now and December 31. The bond insurers are in deep s**t. I feel very comfortable shorting the bond insurers, at this time. IMO.
Today’s trading total bulls**t. The 150,000 block trade, between the bid and ask, indicates how controlled Syncora is by the MM. Now, for weeks or months volume will be very low, until someone capitulates and down we go. Illiquid, pink sheet stocks like Syncora are predictable. IMO
Or Esposito and the board purposely not doing more, because they don't want or have to. Wonderful being a pink sheet company, if you work for Syncora. IMO.
With all the DD from members of the board, I still believe in many ways Esposito and the board don't know what the h**l they are doing. IMO.
Brand, I hope I am wrong. Maybe in another 5 years or so, if Syncora gets off the pinks, PPS will increase. IMO.
Brand, you got that right. Nothing else matters. It's being on the pink sheets after all these years and where I believe we are at this time in the current bull market. Syncora continuously goes much lower from here, unfortunately. IMO.
Brand, where's another bond insurer in runoff, in rehabilitation, controlled by NYID perpetually that's on the pink sheets? Believe Syncora could be being shorted at this level. IMO.
See post 8370. At this point in Syncora's history as a pink sheet company/stock, Syncora has a long way to go before the selling subsides. Under $1.00 almost a certainty sooner on more volume, later on less volume. IMO.
Because Syncora has been for many years a pink sheet company, and is potentionally a perpetual pink sheet company, ABV is meaningless. The stock market today very different from before the financial crises. Unfortunately, unless Esposito and the board shift their preoccupation, priorities, goals and values Syncora will continuously go lower and lower over time and very unlikely to rebound, again. IMO.
Capitulation gets closer and closer with every leg down. Too many shares up for sale, with little buying interest. As volume increases the PPS will drop significantly. Saying pink sheets are speculative is an understatement. After this many years on the pink sheets, and with bond insurers in a pickle, there are no catalyst that will stop the selling of Syncora. IMO.
Beta, when/IF Syncora ever gets off the pinks? Potentially never. Recalling how long it took Syncora to have the stop designation removed you would have to surmise that getting off the pinks is not important at all to Esposito and the board. Lip service is one thing, actions another. IMO.
Brand, good points. I'm just doom and gloom in regards to Syncora. After the Legg Mason selloff, concerned it going to happen again. I know I am reiterating the same thing over and over about Syncora being a pink sheet company. But I believe Syncora continuously being on the pink sheets, overtime, only increases the downside risks many fold. IMO.
Brand, market conditions very different now. And pink sheet stocks are insidious by nature, and selloff sooner or later. Now we know why shorts never covered. IMO.
I don't know about sub penny, but under $1.00 very likely and under 50 cent possible by end of year. And not only because Syncora is an illiquid pink sheet company. The bond insurance industry will be out of favor for who knows how long. Any Syncora positives going forward will have negligible positive affects on Syncora. This market is all smoke and mirrors at this point. So glad I shorted the the bond insurers. They are a mess. IMO.
Selling begets further selling, obviously. IMO.
Today under $2.00. Selling off fast. The more volume the lower Syncora goes. Syncora has been predictable. IMO.
Seller(s), MM, waits, waits, waits, trying to get a few pennies more, until late in trading sessions and sells for less. Have to wonder how many shares are up for sale and how low will Syncora go, eventually. I'm guessing over a million shares or more are for sale and Syncora will continue going down to $1.50 or lower. IMO
Greed and fear drives the markets, and pigs do get slaughtered. IMO.
Once Syncora drops below $2.00, watch how fast this goes below $1.50. Capitulation will happen sooner or later, unfortunately. IMO.
Correction 30 to 40 percent drop by the end of year. Absolutely no buying interest, and very likely at least one large share holder has decided to sell. IMO.
Next 10 to 20 percent drop by end of year. IMO.
Rich, Esposito is milking Syncora to the max. Too many years shackled to the NYID, and hanging out on the pink sheets. However, no skin off their backs, or skin in the game. IMO.
Was taking heavy losses on paper with some of my short positions. But like they say when the going gets tough the tough get going. Just kept putting money in my accounts to cover. I just don't believe in this market for a second. IMO
Syncora will continually languish on the pick sheets and trend lower indefinitely. After the JPM settlement in 2014 when Syncora went to $3.80, that was Syncora's day in the sun, unfortunately. End of bull market and market conditions today. IMO.
Syncora has a snowball chance in h**l of $2.50 by end of month. What with retail investors owning boat loads of shares, Syncora has been and will indefinitely be at the whim of the market maker, who has infinite patience. Syncora's management not in a shell, more like a permanent cocoon. Esposito and the boards overriding preoccupation and prioritiy is keeping the gravy train on track. IMO.
And Syncora will see $2.50 when pigs fly. IMO.
Syncora don't take the opportunity to do squat. In runoff, so it's good company to sit around and collect a fat salary. Who's got it better than Esposito and the board? At this point doubt if anything will help the PPS. This downward trend to continue indefinitely. IMO.
Dislike saying I told you so, but I did. Syncora dragging their collective butts and kissing the NYID arses, will so or later have Syncora under $1.00. The bond insurers are broken and will slowly die off. IMO.
What with a sympathetic Judge Swain and oversight board both biased against the creditors, I don't see the bond insurers getting anything but crumbs, and that will be years and years from now. IMO
Even if somewhere in the distant future the bond insurers do recover pennies on the dollar, the years of litigation ahead is like death by a thousand cuts. IMO.