Banjo - i enjoyed tapley as well.
I had tracked him down. he stopped covering syncora years ago.,
He is in the insurance and finance space so i think you can find something. try blue dragon tapley blue dragon as well in your search.
http://tapleysbluedragon.blogspot.com/
Tapley's Blue Dragon
An observer of bond insurance, mortgage insurance and not much else.
last entry is 2014
on link in i found sound reference to the below but it may be a red herring
you could also try this:

Company Name Blue Dragon | Strategy & Concept Company Location Douglas, GB

Not that it is up to me. but i was pondering whether i would like a distribution/dividend or a stock buyback with excess funds. they will probably just retain the excess earnings but its fun to think of stuff like that.

absolutley Denny, I would add any potential suiter /merger, acquirer is acutely aware of the increasing spot price

Pr Debt settlement woudl be HUGE
of course we need both Prepa and GO bonds done. they might get done seperatly

thank you RichieRich-
I thought the call was positive, and very focused on selling "the company" purchasing the pfds at a discount was mentioned but modified with saying the focus was on Selling.
Timing was important but the focus was on maximising Value when selling.
So even an old stupid like myself got the drift. They now have authority to sell and and going to be doing so. Bring all offers. Bring Money

On the call it was mentioned that selling the guarantee company and the holding company keeping the NOL was a posibility.
That would be an extremley powerful/valuable developement

Earning release, no mention of the Strategic plan yet.

earnings release
http://scafg.gcs-web.com/news-releases/news-release-details/syncora-holdings-ltd-announces-2018-year-end-gaap-consolidated

Tx for the heads up. The endgame is coming. Wait for it, thinking of that video clip from "trading Places"

so it looks like on sho list since mar 4.
And i think it takes like 10 days naked short to get on the list.
Clearly this is not sustainable with the level of volume and PPS or overstock.

Lincoln.
Whatever short positions are out there. I would think they would cover.
As for the data we have been seeing
I am currently working on the assumption the data showing is Older than dirt. its there and nothing new to refresh the data. So there it stays.
Of course this is a total guess? due the lack of information out there.

from the release

Jared Dermont
Moelis & Company
(212) 883-3875
jared.dermont@moelis.com

bio from Moelis site:
JARED DERMONT
Managing Director
New York

T: +1 212 883 3875

BIO E-MAIL vCARD
Jared Dermont is a Managing Director at Moelis & Company where he specializes in M&A and Restructuring & Recapitalization advisory. Mr. Dermont has over 20 years of financial services experience advising companies, equity investors, creditors and government entities across a broad range of industries and geographies. His domestic and cross-border M&A experience includes both buy-side and sell-side assignments as well as Special Committee representations. Mr. Dermont’s financing expertise includes senior secured debt financings, DIP financings, exit financings, second lien loans, convertible notes, rights offerings, preferred stock investments and common equity investments. Prior to joining Moelis & Company, Mr. Dermont was a Managing Director at Rothschild, Inc. where he focused on global M&A and restructuring transactions.
Mr. Dermont holds a B.A. in Economics from Tufts University.

Stock PPS hovering around around multi year high.
I am not here for daily up or down. although i do like up.
The Big players are what the BOD most likely listens to.
I am thinking what do they want?????
They want a big payoff. Merger? kkk pfd buyout? take private deal? Restructure? Re- listing?
The BOD appear to be working down a path of monetizing the assets.
BOD has telegraphed a Strategic plan is in the works.
Me thinks the BOD has been working a multiple option playbook all along.
back in the day.
I remember playing hearts with Dad as a kid. I loved it when someone was able to "shoot the moon".
Did not have to be me. Just so fun to watch a dead hand unfold into the best.
Anyone selling here is making a profit. Va Tutte Bene. Its all good.
Stick around and enjoy the show though, its been a great hand to participate in and will be even better yet!

Letgo- say David Crosby at a local venue last night. the format felt like a Nashvile jam sessions. it was nice! I was about to ask if he had any free Fannie n Freddie songs.
Great night - it was like Deja Vu all over again!


i threw in a litte yogi berra for the fun of it!

IMHO:Cambira was involved with the original legislation process. So "he" knows the true intent of congress.
Jack Lew and Greenburg dit the interpreting.

I will be checking this sight nighlty for news. I am in for the big jump so not really daily price sensitive. Its just fun to see it go up.
I think this security is ripe for a major move. not sure if its a merger, sale, relisting or what, but they have been preping for something.
Might just be a PFD takeover/sale deal that preserves the DTA. More and more Dots are starting to connect.

I am thinking just announcing the intent to relist. would catapult the pps

i remembered you from years ago. always balanced. Glad to help out

welcme back
See link for latest on otting.
I also heard after hours nbc had comments on what we know, nothing new but news to most people.:
Politico obtained the audio.


“In the next two to four weeks you’re going to be able to see some communication that comes out of the White House and Treasury that really sets a direction for what the future of housing will be in the U.S. and what the FHFA’s part of that will be,” Otting said at a Jan. 17 staff meeting.

He pledged significant headway on an overhaul within “six to 18 months.”

“This is a path that’s been established by the White House and the Treasury, and Mark has signed off on it, I’ve signed off on it, Treasury has signed off on it, the White House has signed off on it,” he said.

“But I do think over the next six to 18 months, we will solve that issue,” he added. “And I can assure you that I’m not here to just sit around and enjoy the fruits of being the director. I’m here to kind of move that path forward. And then when Mark is confirmed in his role, he can kind of come in and just continue down the path.”

The capital needed is “probably somewhere, based upon their business models today, [in the range of] $150 billion to $200 billion,” he said.

“$6 [billion] to $150 billion is a big road, especially when you consider the earnings are, what, probably $11 billion a year?” Otting said. “So it’s like, how do we accelerate that, or what do we do to try to achieve that? And I think that’s going to take some really heavy lifting and thought processes around that.”

aging follow the links to Otting telling staffers that there is a plan, it has been signed off on mark (calbria) the treasury and the whitehouse.
So what is still in question is when
certainly before trump leaves maybe even months.
The details of the Plan

long way away from maybe this or maybe that.
of course the Plan- will not make everyone happy. never does.

i always thought the clay trader n blue were fellow travelers.

everything is looking good commons and alt pfd. excellent signal, the alt 25S are good also. 500k traded on FNMAH- i dont own it, but that is huge voume for the alt pfds.

no coal in this stocking, the only questions is when

Thank you Glen,
I believe all ships will rise with the tide.
Lots of variables here. We will see, how this epic drama plays out.
One thing for sure, posters on Ihub will NOT be the ones determining the outcome. You and others can help us read the tea leaves. That is about the best the boards can do for me.
All the rest is noise

a Complete hunch- two unrelated items that might be.
DJT probably going to not pursue wall vs shutting down gmnt.
Mnuchin talking about GSE - something?
maybe a real stretch but think about it. Warrents pay for wall plus something for dems. Housing reform maybe? something to stimulate economy.
Maybe i am trying to hard. tough to see clearly when you are in so deep fo r so long!!
Good luck to all

On the other hand, I want to make sure whatever we do in restructuring them, we don’t put the taxpayer at risk.”

what is the correct volume for the day? TD has gone bonkers, 152K or 24K depending on the screen. grrrr

Brand - hope all is well. The market took a big tumble yesterday. maybe with the market closing due to 41 passing. Many traders just got out. took a breather. who knows

someday, i might understand the volume on this.
for weeks someone has been capping the pps with 5k or 7k on the ask. then boom. i have been here over 4 years. On paper this is one of the best investments i have made. I have been adding the whole time,
Thanks to Denny, and the gang her i have been able to be patient.

if Queen is in. I am in. just signed the petition

for the t/a folks on the 10 day. the bolinger bands are about as close as they can get.

The balance sheet ratio should improve
if you reduce the Assets by 535 and the liabilities by 535 which represents the ceded business. the ratios of asset to liabilities improves. Maybe a nonevent to others but for me this is very good.


Total insurance operating assets, ceded business 536,439
Total assets $ 1,979,155

Total insurance operating liabilities, ceded business 536,439

Total liabilities 1,315,289

Not sure how how principle will get paid on the the $275milion
On November 14, 2018, the NYDFS approved the Company’s request for a net payment of $275 million on its long-term and short-term notes (including principal and accrued interest) to be made on December 28, 2018.

So, I check this msg board and twitter after 4 and sometimes by nine every day looking for a news release.
I figure Denny will post first to twitter if he is traveling. So who knows, where to check its not like it is going to change anything if i hear at 4:10 or 9:00 am the next day, It is still going up up up! Well at least that is my thesis

thanks, that is farther than i could get, It seems odd that they have not presented the issue with transparency. Its like they have not worked out the details in thier own plan.

ktomp- how do you interpret the share conversions
so i get 80 gmnt - 20% equity.
but do you think it shows how/whnejr pfds get convertated.

Hose- my apologies to you and all the hard working honest people at the FBI

these guys a mighty tightlipped. Not a leak up or down
The suspense is great!

Navy, this is awesome research.
thank you

how is it going?
syncora is flatish at the ceiling level of about $4
YOu called it less upside than ever.
tea leaves and mysterious court filing on the macquarie case.
Should be done soon.
Looking at overstock and ziop ziopharm as some potential future investments.
Maybe learn to short stocks as next two years could run of of octane

what are you thinking these days.
still copper in the ground? other ideas?

olhammer Thanks for the info and the link.
nifty site.
I am more optimistic than others apparently. I am thinking Roads and Macquier are inversly related. the better american roads did i thought the worse the recovery for Macquarie. the worse for american roads the better potential for macquarie
So what do i know. We will find out soon.