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mbia inc. - All News and Analysis
Why So Much Hysteria About CDO Squared Products?
Why so much hysteria about the CDO squared? CDOs squared products, whose portfolios include tranches of other CDOs, offer investors higher spreads than single layer CDOs, and seem to present additional risk. If the actual performance of reference CDOs changes from original modeling assumptions, CDO squared products can suffer...
MBIA: What Are Short-Sellers Missing?
Jessica Johnson submits: MBIA MBI announced a widening loss in Q3, which grew to $805m or $348/share, a loss that grew from $36.6m last year. The results were worse than expected, and triggered a 22% decline in the share price on Wednesday. The left-hand graph below documents the percentage of...
MBIA Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionGregory Diamond Now we will begin the Q&A session which will last up to one hour. We are going to start with questions that have been submitted to us in writing. We have few of those. And we will address those first and then we will open up...
Earnings Preview: MBIA
MBIA MBI is expected to report Q3 earnings Wednesday before the open with a conference call scheduled for 11:00 am. Guidance Analysts are looking for EPS of (14c) on revenue of $429.29M. The consensus range for EPS is ($1.66) to 61c, according to First Call. Only one analyst provided a...
Ambac, MBIA: Moody's strikes again
Tom Armistead submits: Moody's recently announced that it is placing the ratings of Ambac ABK and MBIA MBI on review for possible downgrade. I was disappointed but hardly surprised, given Moody's history of constantly moving the goalposts. This article provides a brief critique of Moody's action and the rationale behind...
Ambac Collapse: Anticlimax of the Week
Michael Shedlock submits: In what would have been major news nearly any other week this year, MarketWatch is reporting Ambac warns downgrade would put unit under pressure: Ambac Financial said late Friday that a downgrade by ratings agency Moody's Investors Service would leave its guaranteed investment contract business short...
S&P 500 Financials - Best and Worst of the Week
Hickey and Walters Bespoke submit: While some Financial stocks have been dealing with their fair share of turmoil this week, the sector itself hasn't had that bad of a week. As shown in the chart below, while the sector has come in some this week, it's still well...
Residential Real Estate: How Much More Pain?
David Merkel submits: This piece completes a series that I started RealMoney, and continued at my blog. For those with access to RealMoney, I did an article called The Fundamentals of Market Tops, where I concluded in early 2004 that we weren’t at a top yet. For those without...
Is MBIA Signaling an Insurance Rally?
Ockham Research submits: Okay, we don’t want to get out over our skis, but MBIA MBI has shown some strength recently (up over 100% in the last 13 weeks). Naturally, knowing the history here, one may not be jumping up and down for joy yet (review our comments from...
Is MBIA's Executive Compensation Fair?
Tom Armistead submits: In the MBI forum, CT Programmer recently commented favorably on CEO Brown's performance: "I could kiss Jay Brown. He's doing an incredible job taking a company that everyone said was gone, and building it back up bit by bit." I too think Jay Brown is doing a...
MBIA Reinsures $184 Billion from FGIC?s Public Finance Book
Carl Dincesen submits: MBIA MBI announced Wednesday that it has reached an agreement with Muni Bond insurer Financial Guaranty Insurance Company [FGIC] to reinsure $184 billion principal amount of public finance bonds insured by FGIC. The agreement is subject to the approval of the NY State Insurance Department which is...
Best and Worst Performing Stocks of the Current Bear Market
Hickey and Walters Bespoke submit: Since the current bear market began back on October 9th, 2007, the Russell 1,000 is down about 18%. Of the stocks in the index, 8.5% are down more than 50%, while 25% are actually up since then. Below we highlight the 25 best...
Risk/Reward Analysis Makes Financial Insurers a Buy
Castrese Tipaldi submits: In my last article I said that financial insurers could very well be the subject for another piece about financial conundrums. In fact, the conundrum here is very well explained by the unfair behavior of some folks who were shorting those securities, helped by the usual behavior...
Lehman Brothers Take-over: Implications for Financials
Benjamin Mackovak submits: I thought it would be interesting to take a look at what a Lehman LEH take-over would imply for the valuation of financials. I ran a screen for financials with market caps above $900m that trade in the US and trade below current book value. I then...
10 Financial Entities On the Brink
Michael Shedlock submits: Clearly Lehman LEH is on the brink of disaster. On Wednesday, the Financial Times was reporting Lehman’s secret talks to sell 50% stake stall. by Michael Shedlock
Monoline Stock Price Rally Overdone
Research Recap submits: The recent rally in the stock prices of monoline insurers Ambac (NYSE: ABK) and MBIA (NYSE: MBI) is overdone, in CreditSights' view. “While there is no denying there have been several positive developments, we think Ambac and MBIA are still far from back to where...
MBIA?s Dazzling 2Q Results: What I Meant By 'Adjusted Book Value'
Tom Brown submits: A number of readers wrote to ask what the heck I meant, in my rhapsodic reaction to MBIA’s MBI second quarter earnings report, when I referred to MBIA’s “adjusted book value” of $39.63 per share. Here’s a shortish answer: MBIA’s adjusted book value...
Financials and Housing: The Outlook Remains Ugly
Financial stocks crashed in the first half of July and then rallied in the second half. Shorting these stocks had become widespread often paired with going long oil and commodities, resulting in the shorts became very crowded. Thus, in mid-July when the government stepped in to eliminate naked shorting, prevent...
Restoring Credibility to Ambac and MBIA
Tom Armistead submits: Readers are familiar with my opinion on the proper valuation of Ambac ABK and MBIA MBI. GAAP metrics are not useful: the non-GAAP adjusted book value is the proper measure of their worth, and share prices should recover to that level over the next several years. The...
41 Stocks Returning 10% or More Last Week
Trader Mark submits: This week's list of top performers has high exposure to retail and solar; areas we have been moving into the past few weeks with greater weightings.... but more into solar than retail for the fund. This list continues to show us that "beaten down" merchandise from the...
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- financial (30 results)
- Ambac Financial Group Inc. (13 results)
- finance (12 results)
- dividend (12 results)
- earnings per share (11 results)
- net income (10 results)
- Insurance Company (8 results)
- US Market (8 results)
- class action (8 results)
- Fannie Mae (7 results)
- Freddie Mac (7 results)
- Insurance (6 results)
- Merrill Lynch & Co. Inc. (6 results)
- bond (6 results)
- SEC (5 results)
- Wachovia Corp. (5 results)
- Asset (5 results)
- Washington Mutual Inc. (4 results)
- revenue (4 results)
- Seeking Alpha (4 results)
- Lehman Brothers Holdings Inc. (4 results)
- reinsurance (4 results)
- New York Stock Exchange (4 results)
- S&P 500 (4 results)
- CNA Financial Corp. (3 results)
- INTERNET (3 results)
- merger (3 results)
- Regions Financial Corp. (3 results)
- board (3 results)
- stock (3 results)
- settlement (3 results)
- American International Group Inc. (3 results)
- Revenue (Fiscal Year) ($282.5M)
- Profit (Fiscal Year) ($1.9B)
- Incorporated: 1986
- CEO: Mr. Joseph W. Brown
MBIA provides financial guarantee insurance and other credit protection, as well as investment management services to public finance and structured finance issuers and investors and capital market participants on a global basis. Co.'s financial guarantee insurance provides an unconditional and irrevocable guarantee of the payment of the principal of, and interest or other amounts owing on, insured obligations when due or, in the event that Co. has the right, at its discretion, to accelerate insured obligations upon default or otherwise, upon such acceleration by Co. In addition, Co. conducts its business through its subsidiaries, MBIA Insurance Corporation and MBIA Asset Management, LLC.
Competitors
Stock Quote
Board of Directors
Mr. Joseph W. Brown Chairman
Mr. Daniel P. Kearney Lead Director
Mr. David A. Coulter
Dr. Claire L. Gaudiani Ph.D.
Mr. Kewsong Lee
Dr. Laurence H. Meyer Ph.D.
Mr. John A. Rolls
Mr. Richard C. Vaughan
Mr. Charles R. Rinehart
NAICS Code
Reinsurance Carriers: 524130
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