Yes, you are, in fact, the only one who checks (fallacious) book value on a company like this. No mention of credit downgrades as recently as 6 days ago, no mention of new competition, no mention of the fact that their business model is, essentially, broken. Do they need to raise more cash...how much will that dilute your easy pickins?
MBIA: Credit Where Credit Is Due [View article]
Are there editors at Seeking Alpha?