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Capitalist World

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Everything posted by Capitalist World

  1. GSE Preferreds were up 20-25% last week and up 35% over the month. Something is up with Fannie & Freddie and it's about time..... Best ones to buy are $FNMAS $FNMAT $FMCKJ $FNMAJ $FNMAI Latest piece by Gary Hindes http://delawarebayllc.com/images/There_is_no_legitimate_reason_for_keeping_Fannie_Mae_and_Freddie_Mac_in_conservatorship.pdf
  2. Not sure if this was posted previously but here's Gary Hindes (Delaware Bay) fund letter https://t.co/7hwQqqgmRn?amp=1
  3. Nice to see some discussion on Syncora SYCRF OTC - For value hunters watch the earnings release on Dec 20th to see the unveiling of the new Syncora: New directors, new direction, post refinancing of some Notes, Book value around $6.50 or higher, the last eight years they have been in rehab under LeBlanc as CFO (who just recently moved to CEO rile at Ambac after a masterful job at Syncora). Syncora will begin a new life with more disclosure, regular financials and conf calls. Whole slew of possible catalysts for 2017 including: Possible uplisting; litigation settlements from Lehman, Greenpoint, Macquaire; Continued loss mitigation and commutations, (PR and Reliance Rail); Planned use of NOL's at holding co level and op level; More disclosure on value of American Roads sub and possible move into infrastructure space, New business lines Stay tuned
  4. Take a look at Syncora SYCRF 15 to 1 upside ...perfect for your contest and great as a 1% position in real life...
  5. He also recommended The Brick in summer of 2011 at $2 range.
  6. Not under $100 M mkt cap but compelling and misunderstood. Yellow media after restructuring. Y.CA. see posts Feb 4-5th
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