Syncora being a company in runoff and a pink sheet company, I would discount Syncora 50 percent off book value, which is approximately $2.25 PPS. Syncora will go down to sooner or later depending on volume. And what the heck are Esposito and the board doing to earn their salaries at this point in runoff. Milking Syncora for as long as they possibly can. IMO
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