Oct. 30 at 5:24 PM
$MBI low volume day all around but this might not break 50k shares today.
I don't understand how they don't have a big dividend to announce next week.
They added
$220 million cash on the custodial receipt sales. Another 5.5 billion gross par has run off since the last dividend in December 2023 (
$29 billion to
$23.5 billion end Q3 2025, would be
$23 billion if they could novate or cancel the
$500 million PREPA exposure).
Maybe they can even pay the bondholder who holds National wrapped PREPA bonds to cancel the insurance and take the
$500 million PREPA off its books.
Something gotta give!! Maybe another 500-650 million dividend is possible. If they YOLO'd into the
$70 million buyback authorization (unlikely) could be
$500M dividend on 40 millio shares, or
$12.5.
$AGO actually looks set up for a move to
$100+. Maybe another November '23 to Feb '24 run on the way.
