tag:blogger.com,1999:blog-6798074091942701235.post1776081741431208516..comments2024-03-27T11:08:31.557-04:00Comments on Can Turtles Fly?: Fortunes of Ambac and MBIA DivergeSivaram Vhttp://www.blogger.com/profile/06361276466660862882noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6798074091942701235.post-7943836089993453752007-12-20T17:34:00.000-05:002007-12-20T17:34:00.000-05:00Now Fitch is saying that they want an additional b...Now Fitch is saying that they want an additional billion for MBI, other wise they will down grade them. At current price levels, it represents 30% of the company, if they can find the money.<BR/><BR/>JohnAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6798074091942701235.post-86746120754003624732007-12-20T12:34:00.000-05:002007-12-20T12:34:00.000-05:00I feel very lucky to have stumbled on to a good th...I feel very lucky to have stumbled on to a good thing. This illustrates the perils of picking your own stocks on a concentrated bet. MBI was heavily favored by Marty Whitman. Obviously, they have done a deep dive into the numbers as well as what they normally do for due diligence, yet, it was still hiding stuff this late into the game. It could easily have happened to ABK as well. <BR/><BR/>This gives me the confidence that ABK will be one of the survivors. I think MBI will survive as well. They might be cheap enough now to be looked at as a possible investment.<BR/><BR/>JohnAnonymousnoreply@blogger.com