Replies to post #8729 on Syncora Holdings Ltd. (fka SYCRF)

[mrholty]

1. Does this merger possibly mean that the company will relist, or will they wait to sell their book of business and determine their new direction

My take is that Reliance Rail refinance allowed the NYID the cover to allow this to happen. This will free up considerable monies that they can make toward debtholders / preferreds.

I assume this was holding up the reinsurance agreements so we should expect that in Q1 as well.

I know they were happy with preliminary bids/interest in American Roads but I figured they would not sell that until the litigation with Maquarie is done. Anybody have any thoughts on that?

The new tax plan makes our NOLs worth considerably less (I used to estimate it was worth $150M) so I cut in half to $75M.

I expect this to still be sold in 2 years for $10/share.