"Synocra is underfollowed and misunderstood as the high degree of complexity and uncertainty keeps most investors away. Shares trade for $3.20 while adjusted book value per share exceeds $7. Including the potential value of Syncora's tax NOLs would increase adjusted book value per share to $10. As management continues to successfully wind down the insurance business while searching for a good use for their NOLs, we expect Syncora's share price to at least double or more."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.