Does MBIA (MBI) continue to suffer from a "complexity discount?" Monday's successful consent...

|About: MBIA Inc. (MBI)|By:, SA News Editor

Does MBIA (MBI) continue to suffer from a "complexity discount?" Monday's successful consent solicitation walls off a bankruptcy in the mortgage insurance unit from the rest of the company, writes MKM's Harry Fong, reiterating his $18 price target. Even if the mortgage insurance unit does disappear, the municipal unit alone is worth $13, a 50% premium to the current price.