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Bankman007
1 Comment
Notes from My Conversation with Primus Guaranty [view article]
I agree with you that the stock price appears undervalued right now. However, Lacking the ability to raise capital, a share buyback is impractical also. The best use of capital IMO, is to create more swaps when spreads are wide. The passage of time and the opening of credit markets is the only thing that can heal this company's stock price. Disc. I own PRD and am considering PRS at these prices. Jun 25 08:47 AM