Tony's stock investment

I will wrote down everyday's thought about stock

2009-05-11 ABK

(2009-05-11 09:39:36) 下一个

ABK filed many lawsuit for big banks.
Basically, he claimed that in their insurance contract, banks are not allowed to pact subprime loan into there securitized morgtage backed bonds.
I believe ABK said the truth.

I don't think ABK will win the case quickly. But the lawsuit will change everything if ABK has chance to win.

Most likely, the banks will make some kind of agreement with ABK and MBI or PMI,etc out of court.
If ABK survived from this crisis, it has potential to  be a $50 stock in five years.

One thing to remember, it's bond still rated as Junk.  It may file bankruptcy at any time.

MBI is much safer compared with ABK.

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