Kurtis

Ambac, MBIA Are Still Shorts Amidst This Wink-and-Nod

If MBIA's stock stays around $14 to $15 I have a prediction to make. Brown will do another of his self-destructive things and have issue more stock. Hey, I hope it's a doozy! 200 or 300 million shares maybe. Since I'm short MBIA this massive dilution would be playing right into my hands. No stock dividend, massive dilution, and a balance sheet straight out of a horror show will put MBIA stock right into penny-land where it belongs.