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Re: DennyCrane550 post# 3115

Wednesday, 05/21/2014 7:15:37 PM

Wednesday, May 21, 2014 7:15:37 PM

Post# of 11618
cap structure away from equity goes higher- Surplus notes traded north of 82 and the twin reefs are 51 bid .. 2 more pts for both in 1 week--- equity will catch up.. just a matter of time..look at it this way.. would u rather buy ambac jan 2015 calls struck at 30 for 4 bucks .. 2 pts out of the money - or syncora equity for 2.15 ??? we should be at 3 .. give it time -
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