I will be honest: today’s post is a little anecdata-ish, and it’s a silly little example… but it was quite thought provoking and interesting to me, and it’s my blog so I’m writing about it, silliness be damned!
Long ago, I believe AMBC was one of your picks. These recovering/restructuring bond insurers have given many value investors fatigue.
Thursday, however, MBI common was up 80%+ on news that it was paying an $8 special dividend with the blessings of its regulator. It would seem this would highlight similar opportunities in AMBC which was up 9% in sympathy.
Any thoughts here? Do you plan to revisit the idea?
hey- i still follow it closely; this was a premium pick and not currently active, but given that history why don't you email me and we can discuss offline
Long ago, I believe AMBC was one of your picks. These recovering/restructuring bond insurers have given many value investors fatigue.
Thursday, however, MBI common was up 80%+ on news that it was paying an $8 special dividend with the blessings of its regulator. It would seem this would highlight similar opportunities in AMBC which was up 9% in sympathy.
Any thoughts here? Do you plan to revisit the idea?
hey- i still follow it closely; this was a premium pick and not currently active, but given that history why don't you email me and we can discuss offline