Replies to post #5387 on Syncora Holdings Ltd. (fka SYCRF)

[DennyCrane550]

fair point, InvestorPM.

But even their ABV calc was odd, didn't understand why they would calculate it wrong, and Management even said it is wrong, because of BoA settlement, so that was weird thing to do, probably for some legal reasons, but i don't get it

Guess i was just underwhelmed by the whole spectacle

Nevertheless, still like the value with Syncora... just thought Management would have more meat with the potatoes in this update,


PREPA appears to have gotten another 30 day extension,... also over night PR failed to get the votes to pass Tax Reform. missed by like 3 votes... horse trading still to continue

PR GOs uninsured selling off on large volume

PREPA uninsured range seems lower too

Getting some Greenpoint+Lehman moolah would be nice

[brandemarcus]

Sorry for not paying attention to this when it came out first time. That explains the 120 million of pfd , still why do you also subtract 370 million of surplus notes. Add back the 370 and you get not 4.25 , but 10.35!