Triad Guaranty Inc (TGIC)

[irishintelligence]

http://www.osdchi.com/PDF%20Files/Scanned%20Orders/triad/PetitionApprovalSettlementAgreementAmendedRestatedTaxAllocationAgreement.PDF


I spoke with the Illinois Receiver's office. TGICQ (the company we own stock in) is required to pay 50% on the tax savings to the Illinois Receiver's office...it looks like until the NOLs are gone.

What does that mean?

We have an effective corporate tax rate of 10.5% instead of 21%. That's good but not great. I am going to slash my valuation to ~$0.40/share and that might be a little high. We will see what these guys can do over the years...