Syncora Holdings Ltd. (fka SYCRF)

[InvestorPM]

No correlation

There is absolutely no correlation between the price of these shares and the intrinsic value of the company. The main reason for that is the lack of transparency at the holding company level and the archaic regulatory accounting and reporting that is employed by their two insurance companies.

Putting a realistic value on Syncora that is quantifiably defendable is virtually impossible. Therefore we are forced to either sit back and relax and watch how this all unfolds or get out at these levels.

Over the last 2 years the company has made significant progress in both increasing its revenue potential and reducing its exposure to poor credits. Yet the stock is now trading at levels that are pre Jefferson County settlement, pre JPM settlement and pre Detroit settlement etc etc. Something just seems very very wrong with that.