MBIA still a Buy at MKM Partners

"MBIA (MBI -0.5%) now stands on far more stable footing," says MKM's Harry Fong, reiterating his Buy rating and $20 price target following the company's Q4 results.

The timing is up in the air, but management continues to be optimistic S&P will come around to giving National Public Finance a AA rating (see yesterday's CC coverage), allowing the unit to begin the profitable business of writing insurance again. Other catalysts include MBIA Insurance on the verge of turning profitable again.

Comments (2)
  • RipCrackle
    , contributor
    Comments (122) | Send Message
    Go MBI!
    5 Mar 2014, 11:30 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11225) | Send Message
    Next up...AMBAC!
    5 Mar 2014, 08:21 PM Reply Like
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