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Non-Tech : Bill Wexler's Trading Cabana
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To: RockyBalboa who wrote (3058)1/20/2008 8:41:49 PM
From: RockyBalboa   of 6370
 
MBIA, continued... As a result, some observers claim that, conservatively, the present value of MBIA's liquidation value in run-off is likely to be $30 to $40 a share. If true, it would appear that MBIA has long way to go on the upside, dead or alive.

For one thing, MBIA isn't nearly as troubled as Ambac because it has far less exposure to the really-troubled subprime paper. Also MBIA has already completed raising, or locked in commitments for the additional capital demanded last month by Fitch and the other rating agencies. Ambac wasn't so lucky.
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