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