wobatus

Monoline Stock Price Rally Overdone

The rally has more to do with the intrinsic value of the companies' balance sheets, not the hope of future business.

Nice call that the rally is over done, since now it must be burnt to a crisp. The selloff was overdone.

The Emperor (Mr. Ackman) Has No Clothes

James Davis, don't speak too soon. Now $6.

The Stock Market: Searching for Signs of Intelligent Life

Hey Panzer, I bought at $4.80 yesterday. Already up 20% in aday, and maybe I will sell to a greater fool, like perhaps a retail short covering 'cos he was losing his shirt after he sold short upon reading your drivel. I guess there is no intellgent life in academia. What, couldn't cut it in real world finance anymore?

Just teasing ya, dude, throwing back in your face the same kinda stuff you were shoveling.

The Stock Market: Searching for Signs of Intelligent Life

Oldures, I haven't read the letters, but I know Third Avenue is on the opposite side of that trade. I was just teasing Panzer. My guess is more that he has just read Ackman's stuff and hasn't even looked at it that closely. Maybe he has looked at it in depth, but his article didn't lay out any serious argument with analysis of the numbers, and was just nyah nyah name-calling. Like he is flaming longs on a yahoo message board.

The Stock Market: Searching for Signs of Intelligent Life

Oldlures, while I know Berkshire stands to gain new biz, and I admire the political conspiracy theory instinct, i don't know that the author, hereof, panzer, is in cahoots. All i know is, financial experience, professorial teaching credentials and all, he does not lay out any specific case why MBI, say, would be not end up having any net value after run-off.

Also, Ackman, or Einhorn, i forget which one, was quoted as saying he ws astonished in speaking to someone at the rating agencies say that they don't have some huge team of guys pouring over the records of the bond insureres, just a few guys who pretty much go buy the filed info. If they missed it before, what makes anyone think they are getting it right now?

My question has been, even without new biz, what is MBI worth ina run-off? Ackman has or had skin in the game. I don't even k ow that he is talking run-off. Panzer, i don't know his position, whether he has a vested inteest. But he never responded to my post, and I doubt he knows or cares.

BTW, completely honest disclosure, i have no vested interest whatsoever, other than my interest in the market in general and economy in general. I am tempted to take a flier on MBI, simply because my limited reading and knowledge is their is net value above current price after a run-off. But I am not the gambling type, and I also don't want to stand in front of a train of bullspit.

Anyway, go ahed panzer, what do you think is the value after runoff and why, and crib from Bill Ackman all ya want. I call bullspit on your "market is full of imbeciles" argument as well. I am glad I never had a condescending jerk like you for a prof.

The Stock Market: Searching for Signs of Intelligent Life

I think some mighty full of themselves minds come to seeking alpha. Sheesh.

The Stock Market: Searching for Signs of Intelligent Life

Do you believe that there will be nothing left at the end of the day if they go into run-off? From what i understand that is not neceesarily the case, but i am all ears. Lay out the case a la Mr. Bill.