Discussion in 'Stocks' started by gobar, Jan 9, 2008.

  1. gobar


    bought MBI @11.29

    Way to oversold. They have cut the div by 2/3 still getting hammered..

    stop order 12.09
  2. lwlee


    Something got to give. ABK, MBI or CFC. One or more will go out of business.

    Too risky to take a substantial stake. Look at Warburg, $500 million at $31. They must be kicking themselves in the head.
  3. lwlee


    Holy crap. ABK is down to $5.90 and MBI is at $8.95.

    Now both companies COMBINED are probably valued at nothing.
  4. S2007S


  5. S2007S


    52 week high $96.00.

    Last Trade: 5.75
    Trade Time: 10:05AM ET
    Change: Down 7.22 (55.67%)
    Prev Close: 12.97
    Open: 8.36
    Bid: N/A
    Ask: N/A
    1y Target Est: 44.56

    Day's Range: 4.50 - 8.55
    52wk Range: 12.92 - 96.10
    Volume: 15,360,387
    Avg Vol (3m): 9,775,540
    Market Cap: 583.91M
    P/E (ttm): 2.63
    EPS (ttm): 2.178
    Div & Yield: 0.84 (4.00%)
  6. lwlee


    My last assignment I had a colleague who worked at MBIA and had just moved over to JPM before the whole mess.

    He decided to take a position in MBIA at around mid 30s in Nov. He said MBIA only did quality stuff, none of that subprime crap. Shows you what he knew.

    His guaranteed bonus was probably wiped out by this dog. I did tell him before my assignment was over he should count his blessing that he moved. Good chance he would have gotten laid off if he had stayed.
  7. Some people that went long on this @ $16 just 2 days ago have just gotten their asses handed to them.

    Not pretty at all.
  8. dsq


    thats generally why i only buy dow30 stocks...
  9. Daal


    short the bounces guys. MBI is the easiest money you will ever see in your life. use SSFs if no shares are avaliable