Chasing Value: MBIA earnings, stock and litigation up - Sheldon Liber

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1 pt	Chasing Value: MBIA earnings, stock and litigation up
	Aug 11, 2008 02:41 PM UTC

Sheldon Liber

Return	Risk
-12.48%	LOW

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Symbol	Sentiment	Start	Return	Closed
MBI		08/11/08	+31.52%	08/18/08

Via BloggingStocks:

Filed under: Major movement, Earnings reports, Rants and raves, Chasing Value, Stocks to Buy, Best Stocks for 2008, MBIA Inc (MBI)

After a rather nasty stock slide in earnings, share price and reputation MBIA Inc. (NYSE: MBI), the holding company for MBIA Insurance, has finally reported good news for its depressed investors; for the second quarter of 2008 the company's net income was $1.7 billion, or $7.14 per share, an improvement, compared with $211.8 million, or $1.61 per share for the corresponding period of 2007(see more earnings news).

MBIA is generating revenue from existing business but new business has been harder to come by since Moody's and Standard & Poors both downgraded the company from a financial rating of AAA to AA.

Since I recommended the stock on July 29, 2008 it is up 74% rising from $4.92 to the close last Friday of $8.57. It is trading mid-day at...

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MBIA Inc. (MBI)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

27.5%

Top:

0.0%

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