Syncora Holdings Ltd. (fka SYCRF)

[DennyCrane550]

ha, BrandeMarcus, last we heard from snowman, was he was shorting more Syncora and it was headed to $2 bucks claiming Market Makers control stock blah blah... he is the best contra on this board.

Esposito and Board - need to focus on achieving shareholders total returns...
Syncora last major item is the MacQuarie case left. (No update on site since 6/20/2018 - http://iapps.courts.state.ny.us/iscroll/SQLData.jsp?IndexNo=651258-2012 )

Syncora could parlay the MacQuarie case Risk/Reward now if they want to... ala Ambac/BankOfAmerica future unresolved settlement in future deals.

Syncora last had a Book value of $7.15 -- yes, the value likely will come down from AGO Reinsurance deal, but there will be some up marks from Toll Roads final up mark/future earnouts, MacQuarie above if resolved favorably - among other offsets.

Syncora could purchase upto $65m Preferred B (Twin Reefs) below par... = further accretion to BV ahead

Any future workouts underneath - RMBS, Munis, etc.

Syncora holds a VC fund held at cost $43m = which mark ups (primarily from Marqeta, CreditSesame) could be worth 60m+

Syncora still retains Detroit Real Estate, Leases (Grand Circus Parking Garage - next Tigers stadium), - including an unknown value upside with Dan Gilbert.

Syncora has paid out $60-100m on PREPA at 100c loss --- how much will Syncora recovery from those PREPA claims - ??? 77.5, 80, 85, 100 cents on the dollar?

Syncora has $2.5 Billion of NOLs, that perhaps will be held at zero for some time, but worth something