Market Cap 268.93M
Revenue (ttm) 80.00M
Net Income (ttm) -177.00M
EPS (ttm) N/A
PE Ratio 0.00
Forward PE N/A
Profit Margin -221.25%
Debt to Equity Ratio -1.47
Volume 1,177,200
Avg Vol 385,844
Day's Range N/A - N/A
Shares Out 50.93M
Stochastic %K 31%
Beta 1.62
Analysts Sell
Price Target $9.17

Company Profile

MBIA Inc., together with its subsidiaries, provides financial guarantee insurance services to public finance markets in the United States. It operates through United States (U.S.) Public Finance Insurance, Corporate, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S. political subdivisions, as well as utilities, airports, health care institutions, higher educational fa...

Industry: Insurance - Specialty
Sector: Financial Services
Phone: 914 273 4545
Address:
1 Manhattanville Road, Suite 202, Purchase, United States
StocktwitsEarnings
StocktwitsEarnings Aug. 6 at 8:38 PM
$MBI Q2 '26 Earnings Results & Recap • Reported GAAP EPS of -$0.91 up 18.75% YoY • Reported revenue of $27M up 17.39% YoY
0 · Reply
MikeyMcDermott
MikeyMcDermott Aug. 4 at 6:35 PM
$AGO forget to put out its updated KBRA rating from yesterday? cc $MBI
3 · Reply
Rseancronin
Rseancronin Jul. 30 at 6:25 PM
$MBI make the deal or liquidate 500 mil for loyal stock holders. its time!
2 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 28 at 11:02 PM
$MBI @Rseancronin ok here is the math: National holds 89 million shares of MBI. Multiple that by 5.50, the market value of shares held by National is 473 million. National statutory capital is 950 million. Divide by 2 = 475 million. So National can buy shares if the equity trades for less than 5.50. If they did a $4 or $5 special dividend from HoldCo, the stub would probably trade down to $4. At that point, National could buy up to $120 million worth of MBI shares. 89 multiplied by 4 = 356 475-356 = 119 Opens up the 70 million buyback capacity. I say DO IT!! IMMEDIATELY!! Does not require OBoard, NYDFS or AGO.
2 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 26 at 4:40 PM
$MBI regulators gonna stiff arm this into a sale probably for an underwhelming price but good for $AGO Why would NYDFS ever agree to let more capital to come out of National while 390 million PREPA in limbo and likely will be for at least another 12 months. No special dividend. Management appears unwilling to buyback stock using the 70 million authorization and 350 million excess liquidity at holdco. I would welcome a deal at $10 -- if it included at least half in $AGO stock to participate in upside. If it was all-stock deal, all the better. 6 million ago shares is about .12 exchange ratio and I could see AGO rallying to 100 on that deal so MBI proxy would go to 12 zone. MBI will just burn $60 million costs per year to do nothing but litigate PREPA which controls their entire destiny and no end in sight and limited options to do anything about it.
1 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 24 at 6:51 PM
$MBI scumbags
0 · Reply
Rseancronin
Rseancronin Jul. 24 at 12:57 AM
$MBI just did deep dive into Leeam Lowin who just bought 3.3 million shares or about 6.5% of mbia. Dude is low key Legend. This very bullish for stock. He does not lose.
1 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 23 at 7:57 PM
This dog $MBI trades at 295 million market cap which is less than the 350 million excess liquidity they have at the HoldCo and National is the cleanest it's been since they start of Puerto Rico with 950 million stat cap and 1.4 billion claims paying resource. What a trash No $AGO acquisition incoming as they are dealing with Brightline exposure and dialing back buybacks to increase liquidity buffer.
0 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 21 at 2:54 PM
@Rseancronin any idea on pricing on the 30 million PREPA bankruptcy claims that $MBI National sold on Friday? https://document.epiq11.com/document/getdocumentbycode?docId=4593432&projectCode=PR1&source=DM
2 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 20 at 6:04 PM
$AGO last financial guarantee acquisitions: 2018: 13 billion reinsurance deal with Syncora (now part of golden tree) 2016: $MBI UK & CIFG 2014: Radian time to wrap this up and grab the final monoline! been 8 years since a FG acquisition -- and $AGO is talking about going back into growth mode after liquidating 81% of total shares since 2012 and M&A was always central piece of the growth plan.
0 · Reply
Latest News on MBI
MBIA Inc. Earnings Call Transcript: Q2 2026

Aug 7, 2026, 8:30 AM EDT - 17 hours ago

MBIA Inc. Earnings Call Transcript: Q2 2026


MBIA Inc. Quarterly report: Q2 2026

Aug 7, 2026, 8:30 AM EDT - 17 hours ago

MBIA Inc. Quarterly report: Q2 2026


MBIA Inc. Earnings release: Q2 2026

Aug 7, 2026, 8:30 AM EDT - 17 hours ago

MBIA Inc. Earnings release: Q2 2026


MBIA Inc. Reports Second Quarter 2026 Financial Results

Aug 6, 2026, 4:15 PM EDT - 1 day ago

MBIA Inc. Reports Second Quarter 2026 Financial Results


MBIA Inc. Earnings Call Transcript: Q1 2026

May 8, 2026, 8:30 AM EDT - 3 months ago

MBIA Inc. Earnings Call Transcript: Q1 2026


MBIA Inc. Quarterly report: Q1 2026

May 8, 2026, 8:30 AM EDT - 3 months ago

MBIA Inc. Quarterly report: Q1 2026


MBIA Inc. Earnings release: Q1 2026

May 8, 2026, 8:30 AM EDT - 3 months ago

MBIA Inc. Earnings release: Q1 2026


MBIA  reports Q1 adjusted EPS (16c), consensus (15c)

2026-05-07T22:53:42.000Z - 3 months ago

MBIA reports Q1 adjusted EPS (16c), consensus (15c)


MBIA Inc. Reports First Quarter 2026 Financial Results

May 7, 2026, 4:15 PM EDT - 3 months ago

MBIA Inc. Reports First Quarter 2026 Financial Results


MBIA Inc. Transcript: AGM 2026

May 5, 2026, 10:00 AM EDT - 3 months ago

MBIA Inc. Transcript: AGM 2026


MBIA Inc. Proxy statement: Proxy filing

Apr 2, 2026, 8:00 AM EDT - 4 months ago

MBIA Inc. Proxy statement: Proxy filing


MBIA Inc. Proxy statement: Proxy filing

Mar 23, 2026, 8:00 AM EDT - 4 months ago

MBIA Inc. Proxy statement: Proxy filing


MBIA price target lowered to $7.50 from $8.50 at Keefe Bruyette

2026-03-19T11:00:32.000Z - 5 months ago

MBIA price target lowered to $7.50 from $8.50 at Keefe Bruyette


MBIA Inc. Earnings Call Transcript: Q4 2025

Feb 27, 2026, 8:00 AM EST - 5 months ago

MBIA Inc. Earnings Call Transcript: Q4 2025


MBIA Inc. Earnings release: Q4 2025

Feb 27, 2026, 8:00 AM EST - 5 months ago

MBIA Inc. Earnings release: Q4 2025


MBIA Inc. Annual report: Q4 2025

Feb 27, 2026, 8:00 AM EST - 5 months ago

MBIA Inc. Annual report: Q4 2025


MBIA reports Q4 adjusted EPS (24c), two estimates (14c)

2026-02-26T22:06:08.000Z - 5 months ago

MBIA reports Q4 adjusted EPS (24c), two estimates (14c)


MBIA price target raised to $8.50 from $8 at Keefe Bruyette

2025-11-19T10:45:08.000Z - 9 months ago

MBIA price target raised to $8.50 from $8 at Keefe Bruyette


MBIA Inc. Earnings Call Transcript: Q3 2025

Nov 5, 2025, 8:00 AM EST - 9 months ago

MBIA Inc. Earnings Call Transcript: Q3 2025


MBIA Inc. Earnings release: Q3 2025

Nov 5, 2025, 8:00 AM EST - 9 months ago

MBIA Inc. Earnings release: Q3 2025


MBIA Inc. Quarterly report: Q3 2025

Nov 5, 2025, 8:00 AM EST - 9 months ago

MBIA Inc. Quarterly report: Q3 2025


MBIA Inc. Reports Third Quarter 2025 Financial Results

Nov 4, 2025, 4:15 PM EST - 9 months ago

MBIA Inc. Reports Third Quarter 2025 Financial Results


MBIA Inc. Earnings Call Transcript: Q2 2025

Aug 7, 2025, 8:00 AM EDT - 1 year ago

MBIA Inc. Earnings Call Transcript: Q2 2025


MBIA Inc. Earnings release: Q2 2025

Aug 7, 2025, 8:00 AM EDT - 1 year ago

MBIA Inc. Earnings release: Q2 2025


MBIA Inc. Quarterly report: Q2 2025

Aug 7, 2025, 8:00 AM EDT - 1 year ago

MBIA Inc. Quarterly report: Q2 2025


MBIA Inc. Reports Second Quarter 2025 Financial Results

Aug 6, 2025, 4:15 PM EDT - 1 year ago

MBIA Inc. Reports Second Quarter 2025 Financial Results


MBIA Inc. Earnings Call Transcript: Q1 2025

May 9, 2025, 8:00 AM EDT - 1 year ago

MBIA Inc. Earnings Call Transcript: Q1 2025


MBIA Inc. Earnings release: Q1 2025

May 9, 2025, 8:00 AM EDT - 1 year ago

MBIA Inc. Earnings release: Q1 2025


MBIA Inc. Quarterly report: Q1 2025

May 9, 2025, 8:00 AM EDT - 1 year ago

MBIA Inc. Quarterly report: Q1 2025


MBIA Inc. Reports First Quarter 2025 Financial Results

May 8, 2025, 4:15 PM EDT - 1 year ago

MBIA Inc. Reports First Quarter 2025 Financial Results


MBIA price target lowered to $8 from $9 at Keefe Bruyette

2025-04-29T10:59:25.000Z - 1 year ago

MBIA price target lowered to $8 from $9 at Keefe Bruyette


MBIA Inc. Proxy statement: Proxy Filing

Mar 24, 2025, 8:00 AM EDT - 1 year ago

MBIA Inc. Proxy statement: Proxy Filing


MBIA Inc. Earnings Call Transcript: Q4 2024

Feb 28, 2025, 8:00 AM EST - 1 year ago

MBIA Inc. Earnings Call Transcript: Q4 2024


MBIA Inc. Earnings release: Q4 2024

Feb 28, 2025, 8:00 AM EST - 1 year ago

MBIA Inc. Earnings release: Q4 2024


MBIA Inc. Annual report: Q4 2024

Feb 28, 2025, 8:00 AM EST - 1 year ago

MBIA Inc. Annual report: Q4 2024


MBIA rises 9.3%

2024-11-18T15:05:59.000Z - 1 year ago

MBIA rises 9.3%


MBIA rises 16.1%

2024-11-14T17:06:20.000Z - 1 year ago

MBIA rises 16.1%


MBIA Inc. Earnings Call Transcript: Q3 2024

Nov 8, 2024, 8:00 AM EST - 1 year ago

MBIA Inc. Earnings Call Transcript: Q3 2024


MBIA Inc. Earnings release: Q3 2024

Nov 8, 2024, 8:00 AM EST - 1 year ago

MBIA Inc. Earnings release: Q3 2024


MBIA Inc. Quarterly report: Q3 2024

Nov 8, 2024, 8:00 AM EST - 1 year ago

MBIA Inc. Quarterly report: Q3 2024


MBIA Inc. Reports Third Quarter 2024 Financial Results

Nov 7, 2024, 4:15 PM EST - 1 year ago

MBIA Inc. Reports Third Quarter 2024 Financial Results


MBIA Inc. Earnings Call Transcript: Q2 2024

Aug 7, 2024, 8:00 AM EDT - 2 years ago

MBIA Inc. Earnings Call Transcript: Q2 2024


MBIA Inc. Quarterly report: Q2 2024

Aug 7, 2024, 8:00 AM EDT - 2 years ago

MBIA Inc. Quarterly report: Q2 2024


MBIA Inc. Earnings release: Q2 2024

Aug 7, 2024, 8:00 AM EDT - 2 years ago

MBIA Inc. Earnings release: Q2 2024


MBIA Inc. Reports Second Quarter 2024 Financial Results

Aug 6, 2024, 4:15 PM EDT - 2 years ago

MBIA Inc. Reports Second Quarter 2024 Financial Results


MBIA Inc. Reports First Quarter 2024 Financial Results

May 9, 2024, 4:15 PM EDT - 2 years ago

MBIA Inc. Reports First Quarter 2024 Financial Results


MBIA Inc. Earnings Call Transcript: Q1 2024

May 9, 2024, 8:00 AM EDT - 2 years ago

MBIA Inc. Earnings Call Transcript: Q1 2024


MBIA Inc. Quarterly report: Q1 2024

May 9, 2024, 8:00 AM EDT - 2 years ago

MBIA Inc. Quarterly report: Q1 2024


MBIA Inc. Earnings release: Q1 2024

May 9, 2024, 8:00 AM EDT - 2 years ago

MBIA Inc. Earnings release: Q1 2024


MBIA Inc. Transcript: AGM 2024

May 2, 2024, 10:00 AM EDT - 2 years ago

MBIA Inc. Transcript: AGM 2024


MBIA Inc. Proxy statement: Proxy Filing

Mar 21, 2024, 8:00 AM EDT - 2 years ago

MBIA Inc. Proxy statement: Proxy Filing


MBIA Inc. Earnings Call Transcript: Q4 2023

Feb 29, 2024, 8:00 AM EST - 2 years ago

MBIA Inc. Earnings Call Transcript: Q4 2023


MBIA Inc. Annual report: Q4 2023

Feb 29, 2024, 8:00 AM EST - 2 years ago

MBIA Inc. Annual report: Q4 2023


MBIA Inc. Earnings release: Q4 2023

Feb 29, 2024, 8:00 AM EST - 2 years ago

MBIA Inc. Earnings release: Q4 2023


MBIA Inc. Earnings Call Transcript: Q3 2023

Nov 3, 2023, 8:00 AM EDT - 3 years ago

MBIA Inc. Earnings Call Transcript: Q3 2023


MBIA Inc. Quarterly report: Q3 2023

Nov 3, 2023, 8:00 AM EDT - 3 years ago

MBIA Inc. Quarterly report: Q3 2023


MBIA Inc. Earnings release: Q3 2023

Nov 3, 2023, 8:00 AM EDT - 3 years ago

MBIA Inc. Earnings release: Q3 2023


MBIA Inc. Reports Third Quarter 2023 Financial Results

Nov 2, 2023, 4:15 PM EDT - 3 years ago

MBIA Inc. Reports Third Quarter 2023 Financial Results


MBIA Inc. Earnings Call Transcript: Q2 2023

Aug 3, 2023, 8:00 AM EDT - 3 years ago

MBIA Inc. Earnings Call Transcript: Q2 2023


MBIA Inc. Quarterly report: Q2 2023

Aug 3, 2023, 8:00 AM EDT - 3 years ago

MBIA Inc. Quarterly report: Q2 2023


MBIA Inc. Earnings release: Q2 2023

Aug 3, 2023, 8:00 AM EDT - 3 years ago

MBIA Inc. Earnings release: Q2 2023


MBIA Inc. Reports Second Quarter 2023 Financial Results

Aug 2, 2023, 4:15 PM EDT - 3 years ago

MBIA Inc. Reports Second Quarter 2023 Financial Results


MBIA Inc. Reports First Quarter 2023 Financial Results

May 9, 2023, 4:15 PM EDT - 3 years ago

MBIA Inc. Reports First Quarter 2023 Financial Results


MBIA Inc. Earnings Call Transcript: Q1 2023

May 9, 2023, 8:00 AM EDT - 3 years ago

MBIA Inc. Earnings Call Transcript: Q1 2023


MBIA Inc. Earnings release: Q1 2023

May 9, 2023, 8:00 AM EDT - 3 years ago

MBIA Inc. Earnings release: Q1 2023


MBIA Inc. Quarterly report: Q1 2023

May 9, 2023, 8:00 AM EDT - 3 years ago

MBIA Inc. Quarterly report: Q1 2023


MBIA Inc. Proxy statement: Proxy Filing

Mar 23, 2023, 8:00 AM EDT - 3 years ago

MBIA Inc. Proxy statement: Proxy Filing


MBIA Inc. Earnings Call Transcript: Q4 2022

Mar 1, 2023, 8:00 AM EST - 3 years ago

MBIA Inc. Earnings Call Transcript: Q4 2022


MBIA Inc. Earnings release: Q4 2022

Mar 1, 2023, 8:00 AM EST - 3 years ago

MBIA Inc. Earnings release: Q4 2022


MBIA Inc. Annual report: Q4 2022

Mar 1, 2023, 8:00 AM EST - 3 years ago

MBIA Inc. Annual report: Q4 2022


MBIA Inc. Reports Third Quarter 2022 Financial Results

Nov 2, 2022, 4:15 PM EDT - 4 years ago

MBIA Inc. Reports Third Quarter 2022 Financial Results


MBIA Inc. Earnings Call Transcript: Q3 2022

Nov 2, 2022, 8:00 AM EDT - 4 years ago

MBIA Inc. Earnings Call Transcript: Q3 2022


MBIA Inc. Earnings release: Q3 2022

Nov 2, 2022, 8:00 AM EDT - 4 years ago

MBIA Inc. Earnings release: Q3 2022


MBIA Inc. Quarterly report: Q3 2022

Nov 2, 2022, 8:00 AM EDT - 4 years ago

MBIA Inc. Quarterly report: Q3 2022


MBIA Inc. Reports Second Quarter 2022 Financial Results

Aug 3, 2022, 4:15 PM EDT - 4 years ago

MBIA Inc. Reports Second Quarter 2022 Financial Results


MBIA Inc. Earnings Call Transcript: Q2 2022

Aug 3, 2022, 8:30 AM EDT - 4 years ago

MBIA Inc. Earnings Call Transcript: Q2 2022


MBIA Inc. Earnings release: Q2 2022

Aug 3, 2022, 8:30 AM EDT - 4 years ago

MBIA Inc. Earnings release: Q2 2022


MBIA Inc. Quarterly report: Q2 2022

Aug 3, 2022, 8:30 AM EDT - 4 years ago

MBIA Inc. Quarterly report: Q2 2022


MBIA Inc. Reports First Quarter 2022 Financial Results

May 9, 2022, 4:15 PM EDT - 4 years ago

MBIA Inc. Reports First Quarter 2022 Financial Results


MBIA Inc. Proxy statement: Proxy Filing

Mar 23, 2022, 8:00 AM EDT - 4 years ago

MBIA Inc. Proxy statement: Proxy Filing


MBIA Inc. Proxy statement: Proxy Filing

Mar 23, 2022, 8:00 AM EDT - 4 years ago

MBIA Inc. Proxy statement: Proxy Filing


MBIA Inc. Earnings release: Q4 2021

Feb 28, 2022, 7:00 AM EST - 4 years ago

MBIA Inc. Earnings release: Q4 2021


MBIA Inc. Annual report: Q4 2021

Feb 28, 2022, 7:00 AM EST - 4 years ago

MBIA Inc. Annual report: Q4 2021


Kahn Brothers' Top-Performing Stocks of 2021

Jan 26, 2022, 5:32 PM EST - 4 years ago

Kahn Brothers' Top-Performing Stocks of 2021

AGO IDT PFE PTEN


MBIA Inc. Reports Third Quarter 2021 Financial Results

Nov 3, 2021, 4:15 PM EDT - 5 years ago

MBIA Inc. Reports Third Quarter 2021 Financial Results


Janice Innis-Thompson Elected to MBIA Inc.'s Board of Directors

Oct 28, 2021, 4:15 PM EDT - 5 years ago

Janice Innis-Thompson Elected to MBIA Inc.'s Board of Directors


MBIA Inc. Reports Second Quarter 2021 Financial Results

Aug 4, 2021, 4:15 PM EDT - 5 years ago

MBIA Inc. Reports Second Quarter 2021 Financial Results


MBIA Inc. Reports First Quarter 2021 Financial Results

May 10, 2021, 4:15 PM EDT - 5 years ago

MBIA Inc. Reports First Quarter 2021 Financial Results


StocktwitsEarnings
StocktwitsEarnings Aug. 6 at 8:38 PM
$MBI Q2 '26 Earnings Results & Recap • Reported GAAP EPS of -$0.91 up 18.75% YoY • Reported revenue of $27M up 17.39% YoY
0 · Reply
MikeyMcDermott
MikeyMcDermott Aug. 4 at 6:35 PM
$AGO forget to put out its updated KBRA rating from yesterday? cc $MBI
3 · Reply
Rseancronin
Rseancronin Jul. 30 at 6:25 PM
$MBI make the deal or liquidate 500 mil for loyal stock holders. its time!
2 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 28 at 11:02 PM
$MBI @Rseancronin ok here is the math: National holds 89 million shares of MBI. Multiple that by 5.50, the market value of shares held by National is 473 million. National statutory capital is 950 million. Divide by 2 = 475 million. So National can buy shares if the equity trades for less than 5.50. If they did a $4 or $5 special dividend from HoldCo, the stub would probably trade down to $4. At that point, National could buy up to $120 million worth of MBI shares. 89 multiplied by 4 = 356 475-356 = 119 Opens up the 70 million buyback capacity. I say DO IT!! IMMEDIATELY!! Does not require OBoard, NYDFS or AGO.
2 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 26 at 4:40 PM
$MBI regulators gonna stiff arm this into a sale probably for an underwhelming price but good for $AGO Why would NYDFS ever agree to let more capital to come out of National while 390 million PREPA in limbo and likely will be for at least another 12 months. No special dividend. Management appears unwilling to buyback stock using the 70 million authorization and 350 million excess liquidity at holdco. I would welcome a deal at $10 -- if it included at least half in $AGO stock to participate in upside. If it was all-stock deal, all the better. 6 million ago shares is about .12 exchange ratio and I could see AGO rallying to 100 on that deal so MBI proxy would go to 12 zone. MBI will just burn $60 million costs per year to do nothing but litigate PREPA which controls their entire destiny and no end in sight and limited options to do anything about it.
1 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 24 at 6:51 PM
$MBI scumbags
0 · Reply
Rseancronin
Rseancronin Jul. 24 at 12:57 AM
$MBI just did deep dive into Leeam Lowin who just bought 3.3 million shares or about 6.5% of mbia. Dude is low key Legend. This very bullish for stock. He does not lose.
1 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 23 at 7:57 PM
This dog $MBI trades at 295 million market cap which is less than the 350 million excess liquidity they have at the HoldCo and National is the cleanest it's been since they start of Puerto Rico with 950 million stat cap and 1.4 billion claims paying resource. What a trash No $AGO acquisition incoming as they are dealing with Brightline exposure and dialing back buybacks to increase liquidity buffer.
0 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 21 at 2:54 PM
@Rseancronin any idea on pricing on the 30 million PREPA bankruptcy claims that $MBI National sold on Friday? https://document.epiq11.com/document/getdocumentbycode?docId=4593432&projectCode=PR1&source=DM
2 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 20 at 6:04 PM
$AGO last financial guarantee acquisitions: 2018: 13 billion reinsurance deal with Syncora (now part of golden tree) 2016: $MBI UK & CIFG 2014: Radian time to wrap this up and grab the final monoline! been 8 years since a FG acquisition -- and $AGO is talking about going back into growth mode after liquidating 81% of total shares since 2012 and M&A was always central piece of the growth plan.
0 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 19 at 8:34 PM
$AGO can keep Avitabile and Bergonzi on until March 1 2028 to take on the vacant Chief Credit Officer and Chief Surveillance officer roles cc $MBI
0 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 19 at 5:45 PM
So will we here from $AGO this week? They should at least schedule their earnings for Aug 6. Of course $MBI is tentatively scheduled to release earnings and hold conference call at the same time 🤣 With all the talk about changing composition of AGO capital structure, bringing in more soft capital vs hard equity capital .... read .... gobbledygook from Dom Frederico. Still think one way to engineer a change in capital structure is for MBIA pull 400-500 million from National and do 10/special div to shareholders and AGO assumes the rest for 200 million. Small outlay for them to take on MBIA HoldCo debt due in 2027 (90 million) and 2028 (110 million) and 400 MTNs out in 2030s. Take rest of HoldCo assets and do buybacks. Slice/dice rest of National and 1 billion claims paying resources and 20B credits and manufacture more buyback capacity and/or other growth opportunities. Dom Frederico retires as the king of the monoline after rolling up the last big one.
0 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 17 at 6:59 PM
$MBI $AGO is this right? Uninsured PREPA bonds are trading at 68 - 95 depending on maturity and coupon? 2032 bonds at 68? A serious 1.5 million trade in May https://www.municipalbonds.com/bonds/issue/74526QZS4/ 2029 bonds at 95? A 240k trade last month https://www.municipalbonds.com/bonds/issue/74526QLY6/
1 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 17 at 1:58 PM
The next AI adjacent growth sector: bond insurance for AI capex borrowing. cc $AGO $MBI $SMH $QQQ Value + financials appear like good place to hang out if market rotates out of semi's hard. $XLF
0 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 16 at 8:03 PM
$AGO I do find it a little weird AGO hasn't even bothered to press release its updated credit ratings from KBRA and S&P. They normally release it in the first week or two of July. $MBI
1 · Reply
MikeyMcDermott
MikeyMcDermott Jul. 16 at 7:03 PM
$AGO so what is the big growth plan Dom alluded to? And a change to their capital structure? $MBI 300-400 million dividend from National to HoldCo -- then 500-600 million special dividend to shareholders (10-12 bucks) and AGO buys the stub for 100-150 million (2-3 bucks)? Seems like great oppy for them to do some financial engineering to create lots of value for AGO and take care of MBIA shareholders.
0 · Reply
Rseancronin
Rseancronin Jun. 29 at 3:52 PM
$MBI Trump wins vs Slaughter. Paves way for mbi.
1 · Reply
MikeyMcDermott
MikeyMcDermott Jun. 26 at 11:41 PM
$MBI I think ~35 million PREPA bonds come due July 1 (in addition to about 10 million interest). That should drop gross par exposure to under $400 million. PREPA payment schedule only $20 million in 2027/2028. PREPA as clean as its going to get for National after July 1 -- no other principal on bonds due until 2028 (just debt service obligations while PREPA in default) Slaughter v Trump decision next week too w/ implications for OBoard.
1 · Reply
MikeyMcDermott
MikeyMcDermott Jun. 15 at 5:21 PM
$MBI anemic volume wow
1 · Reply
MikeyMcDermott
MikeyMcDermott Jun. 12 at 6:27 PM
if $AGO wants to buy and close $MBI by October 1, it would probably need sign a definitive agreement this weekend and disclose next week?
1 · Reply
MikeyMcDermott
MikeyMcDermott Jun. 5 at 7:56 PM
$MBI picked up some calls.
1 · Reply
NVDAMillionaire
NVDAMillionaire May. 19 at 8:13 PM
$MBI Great piece that accurately captures MBI's current position. So if you want to refresh your understanding of MBI or learn about MBI for the first time, this is essential reading. https://everyticker.com/quote/MBI/analysis/prepa-s-shadow-and-the-1-4b-runoff-why-mbia-s-300m-valuation-hinges-on-puerto-rico-s-power-struggle-nyse-mbi
0 · Reply