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GLRE

Greenlight Capital Re

$15.75

(0.00%)

, AGO

Assured Guaranty

$35.90

-0.81 (-2.21%)

17:50
04/23/18
04/23
17:50
04/23/18
17:50

Einhorn says Assured Guaranty has a lot of exposure to Puerto Rico

Says Assured Guartany's (AGO) self-grading could result in bias. Says Puerto Rican debt is troubled as population is shrinking and default is not traditional. Says Puerto Rico can only support so much debt. Says it doesn't appear company took hurricane into account. David Einhorn, president, Greenlight Capital (GLRE) is presenting at the 2018 Sohn Investment Conference.

GLRE

Greenlight Capital Re

$15.75

(0.00%)

AGO

Assured Guaranty

$35.90

-0.81 (-2.21%)

  • 01

    May

  • 04

    May

GLRE Greenlight Capital Re
$15.75

(0.00%)

AGO Assured Guaranty
$35.90

-0.81 (-2.21%)

02/16/18
BTIG
02/16/18
NO CHANGE
BTIG
BTIG says PREPA request rejection a 'huge' positive for Assured Guaranty, MBIA
BTIG analyst Mark Palmer said that U.S. District Court Judge Laura Taylor Swain's rejection of the financial oversight board's effort to prime the bondholders of the Puerto Rico Electric Power Authority, or PREPA, is a "huge" positive for municipal bond insurers Assured Guaranty (AGO) and MBIA (MBI). Each have significant insured exposure to PREPA's debt and the rejection of PREPA's effort to gain approval for a $1B DIP loan issued by the Puerto Rico government that would have primed the utility's bondholders was a big win, said Palmer. He also believes the ruling had broader implications for them and fellow municipal bond insurer Ambac Financial (AMBC), which has no insured exposure to PREPA but still filed a motion opposing the DIP loan. MBIA shares are up 6.8% in early trading while Assured Guaranty is up about 3.8%.
12/20/17
KBWI
12/20/17
INITIATION
Target $47
KBWI
Outperform
Keefe Bruyette starts Assured Guaranty with Outperform, $47 target
Keefe Bruyette analyst Bose George started Assured Guaranty with an Outperform rating and $47 price target. While the company's losses from the Puerto Rican debt crisis could be material, a more likely scenario is a resolution that results in losses that are already incorporated in the valuation of the shares, George tells investors in a research note. Further, the analyst believes higher interest rates should improve the landscape for new business.
10/05/17
MKMP
10/05/17
NO CHANGE
MKMP
Bond insurer decline could be opportunity, says MKM Partners
After President Trump said all of Puerto Rico's debt would have to be wiped out, MKM PArtners analyst Harry Fong does not expect the debt to actually be wiped out. He believes that taking this step would violate the principles of contract law and could destroy the municipal bond market. The analyst adds that the bond insurers will not face liquidity issues if Puerto Rico's debt is wiped out. He believes that the decline in their stocks could prove to be a buying opportunity. He keeps Buy ratings on Assured Guaranty (AGO) and MBIA (MBI), and he maintains a Neutral rating on Ambac (AMBC).
06/07/17
BTIG
06/07/17
NO CHANGE
BTIG
MBIA may be more likely to accept takeover offer, says BTIG
BTIG analyst Mark Palmer believes that S&P's decision to place the credit rating of MBIA's (MBI) National Public Finance Guarantee Corp.on credit watch negative could increase the chances of MBIA selling itself to Assured Guaranty (AGO). Plamer thinks that such a deal would be a "win-win" for MBIA and Assured Guaranty. He keeps Buy ratings on both stocks.

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DE

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GBNK

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EC

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VRML

Vermillion

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CZR

Caesars

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MLNT

Melinta Therapeutics

$6.25

-0.2 (-3.10%)

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Syndicate
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TDY

Teledyne

$198.96

2.19 (1.11%)

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Teledyne awarded second phase of $47M contract from ESA »

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NOG

Northern Oil and Gas

$2.69

0.06 (2.28%)

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RDC

Rowan Companies

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OI

Owens-Illinois

$18.85

-0.1 (-0.53%)

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DE

Deere

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GNRC

Generac

$50.56

0.42 (0.84%)

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PBR

Petrobras

$15.10

-0.6 (-3.82%)

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PBR

Petrobras

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NVS

Novartis

$76.38

-0.465 (-0.61%)

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  • 05

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ARCT

Arcturus Therapeutics

$6.66

-0.29 (-4.17%)

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MTDR

Matador

$31.07

-0.735 (-2.31%)

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ESYJY

easyJet

$0.00

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PRMW

Primo Water

$15.48

0.56 (3.75%)

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ALGN

Align Technology

$308.24

10.26 (3.44%)

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  • 12

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CDNA

CareDx

$11.66

-0.12 (-1.02%)

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