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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (31324)6/30/2008 9:09:57 PM
From: rllee  Read Replies (1) of 78753
 
ABK, MBI and other monoline insurers might not be as bad as the market view them. Tom Brown, the widely-followed commentator of Bankstock.com who used to be a successful manager in a few of Fidelity's Bank sector funds has consistently expressed the view that subprime mortgage cumulative loss estimates are way too high, and he has data to prove it.

bankstocks.com

If one were to believe in Tom Brown's argument, perhaps Marty Whitman is on to something and a bet that these insurers will recover, abeit slowly, rather than go bankrupt might reap good profits in the long term.

Comments welcome.
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