Syncora Holdings Ltd. (fka SYCRF)

[snowball12]

Syncora's exposure to the Jeffco Bankruptcy is big, hundreds of millions. They are trying to mitigate their losses, with the county. They may be one of the holdouts to a resolution. If syncora takes heavy losses, many in the industry are watching closely to see if this is a harbinger of things to come. I don't believe it will be lights out but with the the NYS insurance department breathing down their necks and syncora unable to generate any new revenue you could understand syncora has it's work cut out for them, to say the least. IMHO.