glassbox

The Emperor (Mr. Ackman) Has No Clothes

Don't forget bond insurance for public infrastructure related projects and international markets demand for such products. The guys at ABK and MBIA have been in the business long enough - this is the time we can hopefully sieve the wheat from the chaf. Long ABK for at least a 12 month ride - believe it will eventually go back above their internal adjusted BV of at least US$17. Well, if it doesn't, at least is a US$4+ perpetual option bet.