Replies to post #1336 on Scottish Re Group Ltd (fka SKRRF)

[h_man_investor]

It's like dealing with the riddler!

If you are saying that a bankuptcy reorg is likely there must be something that I'm missing. So please, if I'm wrong tell me.

Why bankructy is not going to happen:

- they have cash
- they are generating cash
- they have no debt coming due outside of the StingRay Pass-Thru's which they already own 50% of them
- they have almost no debt- the only long-term debt are trust preferreds
-assets exceed liabilities
- thinking that they are going to file Ch 11 just to get DIP financing and start to write business makes no sense

You keep saying that ORe is an issue- there is no recourse to SCT so I dont know what you are getting at. MBIA insures the paper and risk has been offloaded to others.

What am I missing that you are so confident about regarding these points? I dont need any other comments than what is addressed here.

Again, send me a PM if you want to have a big boy conversation.

[insomniac]

Bwana12... If its mispriced,, what do you believe to be the correct price???