Syncora Holdings Ltd. (fka SYCRF)

[mrholty]

not a great comp. The vast majority of the revenue comes from Detroit and that city nor the other assets have a growing population. The buyers of the Austin toll road are counting on that growth.

What is interesting is that LIBOR and the Fed just increased the Fed Funds rate. Will be interesting to see what this does as it increase borrowing costs so we may get a lower multiple. Like others have stated the faster they get this done the better (with the usual caveats).