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Niels Vanden bussche

Real Money Earned: $6.19
Location: Lichtervelde,
Member Since: 4/01/08
Portfolio Total:$1,084,643.91

Stock Analysis: 13

Portfolio Start Date04/02/08
Annualized Return:3.6%
Total Return:8.5%

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Stock Pick by Niels Vanden bussche

MBI: MBIA is significantly overvalued

Start trading MBI with real money!

Rate Analysis

4 ratings

Posted 474 days ago on 8/04/08

Market call:MBI will go DOWN
Target: $1.00 on 8/04/08
Current: $3.49 (-52.39% from time of market call)

Like every knows, the housing market is deteriorating at a rapid pace. But MBIA is currently trading at book value. This is crazy knowning that they cant pay the claims because the biggest share of the losses is to be taken yet and they do not have enough capital. With no business going forward, this company is doomed... ( in case you didnt knew or you are a value mutual fund)

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David Bowles

Posted 8/5/2008, 11:37 pm

In case you have not been keeping up, ML brokered a deal that will probably become the standard for the industry where only 50% of the losses are taken and President Bush signed a major housing rescue bill that may free up more capital.

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