Tim Travis
Long only, deep value, registered investment advisor, portfolio strategy

Assured Guaranty - Aggressive Stock Buyback At Discount To Net Asset Value Will Be Huge

Few industries have faced the adversity that bond insurance companies have since the financial crisis. The surviving entities have endured a confluence of ratings downgrades and lawsuits, while low interest rates and ratings uncertainty has crimped demand for the insurance. Before looking forward, it is important to look back at why the industry does indeed play an important role in the financia...

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