Syncora Holdings Ltd. (fka SYCRF)

[snowball12]

That hit to policy holder surplus will have us drift lower. Also, management still appears in survival mode. You would think they are in runoff. As usual a lot of rehashed information, too much cut and paste, that looks unprofessional. Management gives no clue, or doesn't have a clue of their plans, goals, intentions for Syncora. I think their priorities are pretty clear, which is to hold on to their jobs and stay afloat. Overall, a very disappointing release, and I would guess a 30 percent drop in PPS. GLTA, IMO.