Replies to post #5395 on Syncora Holdings Ltd. (fka SYCRF)

[DennyCrane550]

Yea, interesting that's a long time. Good to hear that

I think management is decent to solid. I still have belief that will act soon, I did vent my feelings here and on twitter to make clear what Syncora needs to deliver if they are serious about getting about value creation

I applaud them being conservative, seems but like they are overlY conservative.


Consider the 'salvageable and subrogation reserve' estimate... $78M I think it was.

Lehman, Greenpoint, MacQuarie, BP (if that exists) Claims
Only going to get that much?

Really? After smoking BoA,JPM for great recoveries for hundreds of millions each.

Again management seems be very conservative. .. but almost to the point that doesn't make sense...
regulators look at the books and see wounded animal instead of healthy balance sheet with new businesses (Swap Fin, Amer Road, new created asset arm, etc) yet barely shows up in the fins, they should be showcasing 'how exciting/proms in the future is'

I think I head Amer Roads,mentioned once ha