Battle of the Building Material Makers: Owens Corning vs. USG Corp. [View article]
John, I strongly disagree. They use the capital retained (at about 30x leverage) to back their credit default swap portfolio. Especially with spreads being elevated right now, I'd rather they retain the cash and use it to write more business at attractive rates.
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John,
Jun 02 17:05 pm
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All Comments by James Cullen »Battle of the Building Material Makers: Owens Corning vs. USG Corp. [View article]
I strongly disagree. They use the capital retained (at about 30x leverage) to back their credit default swap portfolio. Especially with spreads being elevated right now, I'd rather they retain the cash and use it to write more business at attractive rates.