MBIA gibt es eine nachhaltige Erholung ? - 500 Beiträge pro Seite

[Howto45]

Einer der größten Anleiheversicherer ist durch die bekannte Krise kursmäßig durchgeschüttelt worden. (52-Wochen-Hoch 71,80$, Tief 6,75$).
Vor einigen Tagen ging es in "Sympatie" mit Ambac 30% an einem Tag in den Keller, weil der Branchenbruder noch weit schlechtere Zahlen als erwartet gebracht hatte.Die hatte es dann mit minus 40% erwischt.
Die Q 1-Zahlen von MBIA kommen nach Pfingsten am 13.Mai.
Heute in des USA ca. 11% Plus auf rund 11,60$.
Auch die Ambac haben sich wieder deutlich erholt.
Bei diesem Umfeld glaube ich langsam an Spielraum für positive Überrachungen!

[big_mac]

Kapitalerhöhungen werden kommen, und dann ist es Zeit zu kaufen.
Vorher nicht

[098cba]

Auch nicht schlecht: 13$ Verlust/share!!!

http://www.marketwatch.com/quotes/mbi

MarketWatch News on MBI
6 minutes ago MBIA Q1 revenue -$2.96 billion - MarketWatch
6 minutes ago MBIA says fair value of derivatives down $3.54 billion - MarketWatch
7 minutes ago MBIA Q1 loss $2.41 billion, or $13.03 a share - MarketWatch
11 minutes ago Indications: U.S. stock futures edge up as dollar climbs, oil slips - by Steve Goldstein
12:01 AM 5/10/08 Stocks to Watch: Stocks in focus for Monday - by MarketWatch
12:01 AM 5/10/08 Market Snapshot: Stocks headed for troubled waters from oil, consumption woes - by Nick Godt
12:54 PM 5/3/08 Berkshire's muni insurer off to strong start: Buffett - by Alistair Barr

[SLCRacer2008]

Antwort auf Beitrag Nr.: 34.075.099 von 098cba am 12.05.08 12:35:48

Wer kann die Fragen zu MBIA beantworten, die im Ambac Thread stehen?

Gruß

[bosborus]

fbtx

kaufen

[Larry_1]

Aus dem Ambac Thread kopiert

S&P 500: Verlust in Gewinn umgewandelt

Wie gewohnt gab es im breit aufgestellten S&P mehr Lichtblicke. Dazu zählte Ambac, die 50,40% auf 3,79 Dollar explodierte. Der Anleiheversicherer beendete einen Kontrakt, der sich auf hochspekulative Derivate bezieht. Dabei wurden dem Partner als Ausgleich 850 Millionen Dollar ausgezahlt. Da Ambac aber bereits eine ganze Milliarde Dollar auf dieses Geschäft abgeschrieben hatte, bleibt jetzt ein unerwarteter Gewinn von 150 Millionen Dollar. Die wundersame Verlustumwandlung lupfte auch die Kurse der Rivalen: MBIA sprang 29,34% auf 7,67 Dollar und MGIC Investment kletterte 10,16% auf 7,05 Dollar. Dort weckte der unverhoffte Ambac-Gewinn anscheinend ebenfalls Hoffnungen, dass zu viel Geld abgeschrieben wurde und daher versteckte Gewinne (stille Reserven) in den Büchern schlummern.

[Larry_1]

morgen um 15.00 MEZ kommen die Zahlen. Bin schon gespannt.
Konnte leider erst heute hier einsteigen.

[Larry_1]

Zahlen sind jetzt schon da


MBIA 2Q profit soars on hefty gains
Friday August 8, 6:32 am ET
MBIA 2nd-quarter profit soars on gains related to credit derivatives

NEW YORK (AP) -- Bond insurer MBIA Inc. says unrealized gains on credit derivatives pushed its second-quarter profit higher from the year-earlier period.
The Armonk, N.Y., company earned $1.7 billion, or $7.14 per share, in the quarter ended in June, up from $211.8 million, or $1.61 per share, a year ago.

The latest quarter includes $3.3 billion in pretax unrealized gains on insured credit derivatives due to wider spreads on credit default swaps -- a type of insurance on complex financial contracts -- on MBIA Insurance Corp.

MBIA says the deterioration in the general housing and mortgage markets was consistent with its earlier projections, and it did not materially change its projection of ultimate losses on its mortgage-related exposures.

[as25]

Wie der Konzern am Freitag erklärte, verbuchte man im Berichtsquartal einen Gewinn von 1,70 Mrd. Dollar bzw. 7,14 Dollar je Aktie, nach einem Nettogewinn von 211,8 Mio. Dollar bzw. 1,61 Dollar je Aktie im Vorjahreszeitraum. Dabei verzeichnete man in Zusammenhang mit Absicherungsgeschäften bei Kreditderivaten einen Vorsteuergewinn von rund 3,3 Mrd. Dollar. Beim um Einmaleffekte bereinigten operativen Ergebnis wurde ein Rückgang von 1,57 Dollar je Aktie auf 0,96 Dollar je Aktie verbucht. Analysten hatten zuvor einen Verlust von 1,37 Dollar je Aktie erwartet.

Für das laufende Quartal liegen die Analystenschätzungen bei einem Verlust von 76 Cents je Aktie.

Die Aktie von MBIA notierte zuletzt bei 8,28 Dollar. (08.08.2008/ac/n/a)

[frischling1000]

Antwort auf Beitrag Nr.: 34.682.709 von Larry_1 am 08.08.08 13:13:52

hallo Larry!!

hättest du einen RT - Link für MBIA?

[Larry_1]

Antwort auf Beitrag Nr.: 34.683.220 von frischling1000 am 08.08.08 13:44:56

http://www.marketwatch.com/Quotes/mbi

[Larry_1]

$8.89

[Larry_1]

Willkommen

Eine Bitte an Euch:
Könntet Ihr hier mal im Thread das Ruder übernehmen,
Ich habe verdammt wenig Zeit und beschränke mich meist nur auf lesen.
MBIA erscheint mir auch als ein heißer Reboundkanditat

[frischling1000]

Antwort auf Beitrag Nr.: 34.683.574 von Larry_1 am 08.08.08 14:08:32

danke für den Link

wäre eine Sünde wert - eine Stunde überlege ich noch.

[frischling1000]

Antwort auf Beitrag Nr.: 34.686.446 von frischling1000 am 08.08.08 17:04:03

500 Stk. zu Limit 8,60 geordert - schau´ mer mal.

[slimshady76]

Ich denke bei diesem Kursniveau sollte man schon wieder vorsichtig sein, das Neugeschäft liegt absolut brach und die Aktie hat in den letzten 2 Wochen ein enormen Kursanstieg hinter sich. Ich denke nicht, dass die 10 Dollar ohne weiteres gepackt werden. Ich bin heut mit 70 % meines Bestandes raus.

[frischling1000]

meine 500 Stk. habe ich - ist zwar ein vergleichsweise langweiliges Papier aber ein paar Prozent sollten die nächsten Tage drin sein - wenn begriffen wird, dass die Zahlen und Aussichten eigentlich ganz ordentlich sind.

[Larry_1]

Antwort auf Beitrag Nr.: 34.691.651 von frischling1000 am 09.08.08 01:11:17

ich denke auch, das hier die nächsten Tage was geht.
hatte mir vorgestern 500 Stck. geleistet.

Wenn die Fannie Mae nicht so grottenschlechte Zahlen geliefert hätten, wäre schon der Freitag ein super Anstieg bei MBIA gewesen.
Meine Washington hat es ebenfalls heftig nach unten gezogen

Schönes Wochenende

[frischling1000]

Antwort auf Beitrag Nr.: 34.691.863 von Larry_1 am 09.08.08 09:18:17

hier werden wir zwar nicht reich werden - dafür aber auch nicht arm

SL auf der 7,60;

[frischling1000]

Antwort auf Beitrag Nr.: 34.692.354 von frischling1000 am 09.08.08 11:58:28

ist zwar ein alter Hut aber trotzdem:

New York (Reuters) - Der weltgrößte Anleihenversicherer MBIA hat einen drastischen Gewinnanstieg ausgewiesen.

Im zweiten Quartal seien netto 1,7 Milliarden Dollar verdient worden, nach 212 Millionen vor Jahresfrist. In den Zahlen sei ein nicht realisierter Vorsteuergewinn von 3,3 Milliarden Dollar aus versicherten Kredit-Derivaten enthalten. Der operative Gewinn nach Steuern stieg um rund zehn Prozent auf 228,9 Millionen Dollar.

Der MBIA-Aktienkurs stieg um 5,6 Prozent auf 8,74 Dollar.

Im ersten Quartal hatte MBIA wegen der Kreditkrise einen Verlust von 2,4 Milliarden Dollar verbucht. Das Unternehmen musste Milliardenbeträge für Anleihen im Zusammenhang mit notleidenden US-Immobilienkrediten abschreiben.

aus der Subprimekrise kann man nur jetzt Kapital schlagen - in 1 Jahr ist die Suppe gelöffelt und sind die Kurse auch entsprechend!

[frischling1000]

Antwort auf Beitrag Nr.: 34.693.310 von frischling1000 am 09.08.08 17:48:51

Kurs stabil - kein Problem;

sollten wir hier das triple A jemals wieder bekommen gibt´s einen schönen kleinen Hype;

die Berechtigung hierzu ist allemal besser als beim Konkurrenten (siehe Zahlen);

[frischling1000]

Antwort auf Beitrag Nr.: 34.701.062 von frischling1000 am 11.08.08 16:30:11

kann morgen natürlich wieder ganz ander sein aber:

nach Zahlen vom Freitag (Analysefrist ein Wochenende) - einem Anstieg von 100% die letzte kurze Zeit - einem (vorraussichtlich) neuerlichem Grün heute - einem Kurs von glaublich 60 vor einem Jahr und besseren Aussichten als im letzten Quartal:

- mein Gefühl trügt mich hoffentlich nicht - in einem Jahr sehen wir die 20USD; vorrausgesetzt einer abnehmenden Volatilität und einem mitspielenden Gesamtmarkt bin ich hoffentlich noch dabei

[slimshady76]

Ich hab meine letzten 30 % heute rausgeworfen. Nach über 100 % Kursanstieg sehe ich das Potential als stark begrenzt an. Ich hab Zweifel, dass der Kurs sich oberhalb der 100Tage-Linie behaupten kann. Einen Rückgang auf 6,50 $ kann ich mir durchaus nochmal vorstellen.

Mich stört ein wenig der hohe Betrag der nicht realisierten Gewinne aus Kreditderivaten...kann im nächsten Quartal auch mal ins Gegenteil umschlagen. Das Neugeschäft dürfte ausserdem am Boden liegen.

[frischling1000]

Antwort auf Beitrag Nr.: 34.710.116 von slimshady76 am 12.08.08 16:26:17

habe hier ausschließlich den Gewinn von Ambac drinn und diesen mit einem SL abgesichert - kann eigentlich nicht´s passieren.

Meine Speku beläuft sich auf den Rückerhalt des Ratings.

Ist hier zwar noch volatil genug aber viell. ein sicherer Hafen als b. Konkurrenten.

Gratuliere zum Gewinn (hat noch keinem geschadet);

[slimshady76]

Antwort auf Beitrag Nr.: 34.711.485 von frischling1000 am 12.08.08 18:40:33

Danke und Gratulation zum Gewinn bei Ambac, an die hatte ich mich wiederum vorher nicht herangetraut!

Abgeschrieben hab ich MBIA längst noch nicht, ist aber wirklich so, dass Gewinnmitnahmen meist vergessen werden.

Kann mir gut vorstellen, dass ich bei einem Rückschlag von gut 20 % wieder einsteige.

[frischling1000]

Antwort auf Beitrag Nr.: 34.715.595 von slimshady76 am 13.08.08 10:57:56

zuerst diese gewaltige Aufwärtsbewägung - dann nach ein paar Tagen seitwärts heute (zumindest bislang) neuerliches Plus ohne übertriebende Volatilität - könnte solide so weitergehen

[frischling1000]

Antwort auf Beitrag Nr.: 34.719.739 von frischling1000 am 13.08.08 17:04:01

gestern trotz grottenschlechtem Gesamtmarkt positiv - Futures heute zwar bislang negativ - kann sich aber schnell drehen;

AB - confirmed buy (sagt aber nichts).

- habe ein gutes Gefühl (kann natürlich täuschen:laugh

die neun sollten wird heute zumindest sehen.

[frischling1000]

Antwort auf Beitrag Nr.: 34.727.415 von frischling1000 am 14.08.08 14:49:07

uuuuuuuuuuuuuuuuuuuuuuuups!!!!

[Larry_1]

Gratuliere Dir.

Das Timing paßt doch ganz gut.
Ambac-MBIA-WM usw....

Mußte leider vor 2 Tagen hier raus, weil ich dringend kohle benötigte
Ich warte jetzt bei WM auf einen nachhaltigen Anstieg

[Larry_1]

Heute laufen mir wieder einige Werte von meiner WL davon und ich hatte heute leider keine Zeit zu reagieren

Habe mich vor ein paar Tagen bei SMITH & WESSON positioniert.
Läuft die letzten Tage schön moderat nach oben, trotz schlechtem DOW. Dort geht es wohl auf gute Q. zahlen zu

[frischling1000]

Antwort auf Beitrag Nr.: 34.731.480 von Larry_1 am 14.08.08 21:51:31

wie auch immer - hätte genauso schief gehen können (SL auf die 8,60 - sprich pari) zuschauen und genießen; schade, dass du nicht mehr dabei bist.

[frischling1000]

wird wahrscheinlich am Montag einen kleinen charttechnischnen Rücksetzer auf die 9.80 geben aber a´ la long gesehen sind die 20 auf Jahresfrist in Reichweite

[puettlingen]

By Jody Shenn
S&P Ends Review of MBIA, Ambac, With No Rating Change
Aug. 14 (Bloomberg) -- Standard & Poor's ended a review of its ratings on MBIA Inc. and Ambac Financial Corp., the two largest bond insurers, without changing their ratings.
MBIA's MBIA Insurance Corp. and Ambac's Ambac Assurance Corp. remain AA rated, New York-based S&P said today in separate statements. The outlook for the ratings, which in June fell from AAA amid growing mortgage losses, is ``negative,''
Bond insurers owned by MBIA, Ambac, Syncora Holdings Ltd., FGIC Corp., and CIFG Holdings were stripped of their AAA ratings over the past six months as losses grew from collateralized debt obligations and other mortgage-linked securities.
MBIA Insurance's capital levels remain ``well above the level required for a 'AA' rating,'' S&P said. Ambac Assurance's efforts to cancel protection on mortgage-linked CDOs also ``are starting to bear fruit,'' the firm said.
Ambac said Aug. 1 that it had tore up a $1.4 billion CDO contract with Citigroup Inc. for $850 million. CDOs repackage assets such as mortgage bonds, loans and derivatives into new securities with varying risks.
A negative outlook indicates S&P believes a downgrade is more likely than an upgrade over the longer term. MBIA's outlook reflects the potential for the insurer's home-loan losses to rise beyond S&P's expectations, S&P said. Ambac's outlook reflects that the company ``faces reduced business'' as a result of damage to its reputation from its losses, S&P said.
MBIA rose $1.57, or 18 percent, to $10.32 in New York Stock Exchange composite trading today, while Ambac rose 62 cents, or
16 percent, to $4.56. Over the past year, MBIA's shares are down 80 percent, while Ambac has fallen 92 percent.

[mediaschu]

Antwort auf Beitrag Nr.: 34.727.415 von frischling1000 am 14.08.08 14:49:07

Ja das ist richtig, die 9 Dollar könnten heute drinn sein !

[frischling1000]

Antwort auf Beitrag Nr.: 34.736.022 von mediaschu am 15.08.08 13:41:27

vorbörslich sind wir zwar eher bei den 11 - schau´ mer mal

[frischling1000]

Antwort auf Beitrag Nr.: 34.736.422 von frischling1000 am 15.08.08 14:18:57

sämtliche Versuche den Kurs unter die 10,80 zu drücken scheitern bislang.

Vorbörslich ist fast eine Hysterie ausgebrochen.

6 % nach den gestrigen 15% was will man mehr;

meine Frau bekommt 4,5% im Jahr auf ihr Sparbuch

(die sind allerdings sicher:cool

RT 10,97

[frischling1000]

Antwort auf Beitrag Nr.: 34.738.796 von frischling1000 am 15.08.08 17:56:21

die 11,30 als sk und die american bulls geben ein strong buy aus.

[frischling1000]

SL auf die 9,30

- die Kosten sind gedeckt und einmal mit der Familie essen gehen dürfte drin sein

[frischling1000]

Rückblick: Die MBIA Aktie wurde bis in den Juli 2008 massivst abverkauft und markierte schließlich ein markantes Bewegungstief bei 3,62 $. Das beschriebene Korrekturtief kann als Kopf einer übergeordneten charttechnischen Bodenformation in Form einer bullischen inversen SKS eingegliedert werden. Die anschließende Erholungsphase bis 6,66 $ schließt das Teilelement ab. Eine weitere Korrekturphase bis 4,27 $ schließt das finale Element in Form der rechten Schulter ab. Die daraus resultierende Aufwärtsbewegung bewirkt eine weitere Trendbeschleunigung.

Das prozyklische Kaufsignal entstand mit dem Kursanstieg über 6,75 $. Eine obligatorische Pullbackbewegung, zurück bis zum Ausbruchslevel, ist bisher nicht erkennbar und könnte noch offen sein.

Das bullische charttechnische Umfeld bleibt unverändert intakt. Bisher sind keine Trendwendeformationen zu erkennen, auch wenn eingestreute Konsolidierungsphasen einkalkuliert werden sollten.

Charttechnischer Ausblick: Unter 6,66 $ sollte der Basiswert aber nicht mehr abrutschen, um das bullische Szenario nicht zu gefährden. In dem Fall wäre alternativ ein weiterer Belastungstest der 3,62er Unterstützung denkbar.

Im Zuge der fortgesetzten Aufwärtsbewegung dürfte der Index in den nächsten Handelsmonaten auch noch den Bereich bei 17,54 $ ansteuern.

Meldung: Ambac und MBIA gehen wegen Ratingbestätigung vorb. durch die Decke
New York (BoerseGo.de) - Die Papiere der Anleihenversicherer Ambac Financial Group Inc. und MBIA Inc. legen vorbörslich kräftig zu, nachdem die Ratingagentur Standard & Poor`s das Rating “AA“ für beide Konzerne bestätigte. Gleichzeitig ist die frühere Einschätzung der Experten über die Möglichkeit einer jeweiligen Herabstufung zurückgenommen worden.

[frischling1000]

SL auf die 10,30

jetzt kann ich schon 10x mit der Familie essen gehen

wenn das so weitergeht geht sich ein allinclusive Urlaub aus

[frischling1000]

Antwort auf Beitrag Nr.: 34.750.592 von frischling1000 am 18.08.08 16:53:29

so - Schätzchen - jetzt schließt du mit mind. 11,87 USD und wir sind morgen Freunde bei einem EK von 12

[puettlingen]

mbia ist coller als ambac hier die news:
MBIA May Rise After Agreeing to Reinsure $184 Billion of Debt
2008-08-28 01:51:53.830 GMT


By Christine Richard
Aug. 28 (Bloomberg) -- MBIA Inc. may rise after the company agreed to reinsure $184 billion in municipal bonds for Financial Guaranty Insurance Co., demonstrating its ability to win new business after losing its top AAA rating.
MBIA, the largest bond insurer, jumped 12 percent to $13.40 in after-hours trading yesterday after the Armonk, New York- based company said it will receive premiums of about $741 million as part of the contract.
``MBIA wouldn't do the deal unless they thought they were going to make money,'' said Timothy Graham, who as chief restructuring officer of LaSalle Re Ltd., helped the Bermuda- based reinsurer avoid insolvency. ``So, they probably got a pretty good deal.''
MBIA is seeking to show it can survive without the AAA rating it lost this year. The company is losing business to Warren Buffett's new insurance unit as well as Assured Guaranty Ltd. and Financial Security Assurance Inc. MBIA led bond insurers posting record losses after straying from the business of backing municipal bonds to guaranteeing collateralized debt obligations that have tumbled in value.
MBIA, down 79 percent in the past year, rose $1.06 to
$11.98 in regular New York Stock Exchange composite trading before the announcement. The stock is up from a closing low of $3.90 reached on July 11.
``They're bringing on a huge surplus of unearned premiums,'' New York State Insurance Superintendent Eric Dinallo said yesterday during a conference call announcing the agreement he brokered as part of an effort to restore confidence in the bond insurers. The agreement may boost MBIA's credit rating, he said.

Ratings Affirmed

FGIC Corp., the parent of Financial Guaranty, has been among the worst hit of the bond insurers. The New York-based company, owned by Blackstone Group LP and PMI Group Inc., in the past few months, went from a top AAA insurance rating to being ranked below investment grade by the three main rating companies.
MBIA is rated A2 by Moody's Investors Service, five grades below Aaa, and AA at Standard & Poor's, two below AAA. S&P affirmed the company's credit rating on Aug. 15 and said bond insurers' are taking steps to shore up their businesses.
The agreement followed a ``competitive process'' overseen by Dinallo's office, the department said in a statement.
Specifics of the transaction still must be submitted to the department for approval, the statement said.

Could be `Invaluable'

MBIA is taking on the FGIC municipal business for about 80 percent of the unearned premiums.
Buffett, whose Berkshire Hathaway Inc. started its own bond insurance business last year, said in February he would take on municipal bond obligations for MBIA, FGIC and Ambac Financial Group Inc. for 150 percent of the unearned premiums. Buffett's backing would have given the bond an AAA credit rating while MBIA's rating is five grades lower.
The reinsurance may give FGIC's municipal bondholders MBIA's higher rating on their bonds, Dinallo said. So-called cut-through insurance ``could prove invaluable in helping lift the ratings of municipal bonds,'' he said.
The cut-through reinsurance allows a policyholder to file a claim directly with either FGIC or MBIA and means bondholders can avoid delays in payment if FGIC becomes bankrupt.

`Same Bucket'

The accord may not raise the price of municipal bonds because investors have been placing little value on some insurance guarantees, said Kenneth Naehu, who oversees fixed income investments for Bel Air Investment Advisors LLC in Los Angeles, which manages $5 billion.
``MBIA, Ambac and FGIC, all three are being thrown in the same bucket,'' Naehu said. ``The bonds are trading as if they don't exist, as if there is no insurance.''
FGIC also said it has settled an agreement to provide
$1.875 billion of insurance on mortgage-tied CDOs and will pay $200 million to Credit Agricole SA's Calyon unit. Ambac and Security Capital Assurance Ltd. over the past two months have extricated themselves from guarantees on $5.1 billion of CDOs with $1.35 billion of payments to Merrill Lynch & Co. and Citigroup Inc.
CDOs package pools of securities, including those backed by subprime mortgages, and slice them into pieces of varying risk.

`Severely Impaired'

Moody's in June said its new B1 rating on Financial Guaranty reflects the unit's ``severely impaired financial flexibility and the company's proximity to minimum regulatory requirements.''
FGIC has set up loss reserves to pay expected claims of
$1.8 billion mainly on securities backed by home loans, according to Moody's.
The two transactions may be enough to prevent regulators from having to step in and take over FGIC, Dinallo said.
FGIC focused on the municipal bond market until it was sold by General Electric Co. in 2003. Under its new owners, the company began insuring securities tied to assets such as consumer loans and mortgages, according to the company's Web site.

[StockFactory]

MBIA und AMBAC sind DIE Rebound-Aktien schlechthin !

300% konnte man mit beiden Werten locker einstreichen und eine Verdoppelung des jetzigen Niveaus wird von Tag zu Tag wahrscheinlicher !

Ich freue mich auf die nächsten Wochen ...

[Larry_1]

Antwort auf Beitrag Nr.: 34.887.628 von StockFactory am 28.08.08 10:33:33

Wo Du Recht hast, da hast Du recht
Dem kann ich nur zustimmen

[frischling1000]

Antwort auf Beitrag Nr.: 34.891.981 von Larry_1 am 28.08.08 14:49:09

RT 15,10

sl auf der 14,50

[frischling1000]

Antwort auf Beitrag Nr.: 34.893.994 von frischling1000 am 28.08.08 16:32:47

sl auf die 15 - sprich eur 3.000,- sind mir sicher. Erinnert ja fast schon an die Internetblase (die ich leider nicht miterleben durfte).

[frischling1000]

Antwort auf Beitrag Nr.: 34.894.961 von frischling1000 am 28.08.08 17:23:03

so - wurde ausgestoppt - guter Gewinn - alles ok

für die Investierten: wenn das mal gutgeht. Ich wünsche es jedem.

mir wird vom zuschauen schon schlecht

[solarsemi45]

893906

Unterbewertet.



Semi

[Larry_1]

So langsam kann der Thread mal wieder aktiviert werden

[Schnuckelinchen]

Der Vorstand kauft ja nun schon seit einer Weile in grossem Stil Aktien. Wie beurteilt ihr das und gibts hier überhaupt noch jemand, der engagiert ist?

[sneake]

Antwort auf Beitrag Nr.: 36.578.118 von Schnuckelinchen am 13.02.09 22:45:46

http://www.mffais.com/mbi.html

[Kohlenzieher]

Wenn man jetzt wüßte, wie der Umrechnungskurs zum Amero (lt. Wikipedia Nachfolgewährung vom Dollar) sein wird, könnte man langsam ein Paar Shares einsammeln.

[kirroyal]

Guten Morgen,

der Thread ist hier wohl eingeschlafen .

Börse Go
MBIA Inc. meldet hohen Gewinn
von Christian Hoyer
Montag 11. Mai 2009, 23:36 Uhr


New York (BoerseGo.de) - Der weltgrößte Anleihenversicherer MBIA Inc. berichtet für das erste Quartal einen Gewinn von 3,34 Dollar pro Aktie und übertrifft damit die Erwartungen von Wall Street um 3,67 Dollar. Im entsprechenden Vorjahresquartal berichtete der Anleiheversicherer einen Verlust von 12,92 Dollar pro Aktie.

Die Aktie gewinnt nachbörslich 21,2 Prozent auf 8,40 Dollar.

[kirroyal]

PM 8,39 $

[posterino]

Hallo Community, wie seht Ihr die Chance, dass MBIA die nächsten 1-2 Wochen zu einer Gegenbewegung ansetzt.
Die Aktie wurde die letzten 2 Wochen extrem heruntergeprügelt und ist mittlerweile wieder auf einem interessanten Niveau.

Bedanke mich für sachliche Antworten.

[FritzKarlMueller]

Someone?

Anyone?

[Fricko]

Bin aufgewacht ! längerfristig 50 %
aber kurzfristig ???

[bingohopper]

Antwort auf Beitrag Nr.: 37.713.858 von Fricko am 05.08.09 11:18:32

Emirat Katar steigt bei Mbia ein. Habe ich gehört.

[curacanne]

Antwort auf Beitrag Nr.: 37.784.934 von bingohopper am 14.08.09 17:54:53

ich auch

[SuperInsider]

Langsam wieder Kaufkurse hier ...

[bingohopper]

Habe noch nie so einen niedrigen RSI-Index von einer Aktie gesehen. Die Leerverkäufer sitzen auf einem Pulverfass.

[zip2000]

...ähnlicher Verlauf wie bei Ambac...

[Elrond]

schlechte Zahlen .... akt -17%

ich bin mal long ...

[bingohopper]

Bin mal gespannt wann die erste positive Meldung kommt und der Kurs
wieder nach oben schießt und keiner weiß warum.

[Elrond]

Antwort auf Beitrag Nr.: 38.547.116 von bingohopper am 10.12.09 20:49:26

könnte bald so weit sein ... .der Kurs daddelt sei 4 Wochen in der Versenkung ...

[bingohopper]

Antwort auf Beitrag Nr.: 38.548.532 von Elrond am 11.12.09 07:51:39

Was ist den heute los. Keine negative Meldung, ja sogar positive Meldung das Dubai 10 Mille bekommt.

[Elrond]

hier haste deine news ....



MBIA shares drop ahead of exit from S&P 500
MBIA's impending exit from key stock index pulls shares down


BOSTON (AP) -- Shares of MBIA Corp. fell on Monday after Standard & Poor's said it will drop the bond insurer from the S&P 500, a key index of major stocks.

Shares of MBIA fell 29 cents, or 7.9 percent, to $3.38 in midday trading, following Friday's announcement by S&P. MBIA and four other companies are being dropped from the S&P 500 on the close of trading on Dec. 18 because S&P no longer considers those stocks representative of the broad market indicator.

A stock's impending removal from the S&P 500 typically causes shares to drop. That's because index mutual funds that track the S&P 500 must eventually sell dropout stocks and replace them with new S&P 500 stocks to accurately reflect the index.

[Elrond]

heile Welt .... alles wieder in Ordnung .... + 17,5% ....

[SuperInsider]

[Elrond]

fetter upmove heute wieder

bei einem Rücksetzer stocke ich nochmal auf

[sakura]

Antwort auf Beitrag Nr.: 38.620.519 von Elrond am 22.12.09 20:57:22

vielleicht kommt MBIA bald wieder in den S&P. Dann müßtn sich vermutlich wieder viele neu eindecken.

[sakura]

Antwort auf Beitrag Nr.: 39.208.125 von sakura am 24.03.10 18:07:14

es liegt was in der Luft, der Kurs schießt nach oben jetzt 16,5 % plus

[camaro77]

Nicht wirklich viel los hier im Thread,scheinbar findet MBIA in Deuschland nicht viel Interesse.
Ich habe die Aktie seit Anfang das hier noch grosses Potenzial für
Kurssteigerung besteht.

[camaro77]

Das Ding geht ab wie Schmitz Katz.
Ich bekomm das krinsen nicht mehr aus dem Gesicht!

[camaro77]

Kann mir nach dem starken Anstieg,nun einen
Rücksetzer bis in den Bereich 6,4o$ vorstellen.
Wenn es den so kommt bei ca 6,5 weitere Position aufbauen.

[camaro77]

Ich habe mit meiner Aussage zum Kursverlauf nicht berücksichtigt,das Ambac nachbörslich Zahlen meldet! Die wohl besser als erwartet ausgefallen sind.
Glaube nun das dies auch auswirkungen auf MBIA haben wird
und lege ein Paar Aktien nach.

[camaro77]

Bin mit weiterer Position zu 5,88 dabei.
(erste Position zu 3,12 im Januar)

[camaro77]

Sorry 5,99
Schreib mir halt selbst ein bischen

[camaro77]

War ja vorerst mal ein Griff ins klo!

[camaro77]

Ein Tag Ungewissheit,ob der Kauf ein Fehler
war und jetzt doch wieder im Plus
Hoffendlich hält`s.
Rechne ja mit einem Rücksetzer bis in
den Bereich 7,6$.

[AdolfSteinbrueck]

nur ruhig Blut,16-18 $ sind drin über ca. 1 Jahr gesehen. Ambac ist an sich wertlos,wir als municipal Bondversicherer aber nicht vom Staat fallen gelassen.

[camaro77]

Mit dem Kursziel sind wir so ziemlich einer Meinung.(14-16$)
Bin jedoch wegen eines Wirbelbruchs zur Zeit sehr
viel vorm Computer und die Aktie macht ja Sprüngedas
nervt.
Das mit den 7,6$ war ja fast ne Punktlandung aber
so schnell wenn das nicht noch weiter runter geht.
Schön das es doch noch jemand gibt der sich nach meiner
Meinung für den "solideren" Bondversicherer interesiert.
Es ist ohnehin schwer an Informationen über diesen Wert
zu bekommen.
Mfg camaro

[camaro77]

Guten Morgen
Mit dem Rücksetzer vom 13.4 von 8,4$-7,6$
war ja nicht zu erwarten,das die Aktie
sich so schön stabilisiert und wieder bis
7,91$ hochläuft.
Würde mir eigendlich wünschen das MBIA mal
ein bischen auf der Stelle tritt,aber das wird
wohl vor den Q1 Zahlen am 4.5 nichts.
mfg Thomas

[AdolfSteinbrueck]

Antwort auf Beitrag Nr.: 39.338.012 von camaro77 am 15.04.10 07:57:28

ich hatte irgendwo 10.5. gelesen
regards

[camaro77]

Antwort auf Beitrag Nr.: 39.343.279 von AdolfSteinbrueck am 15.04.10 18:05:01

Bei Comdirekt steht 4.5 allerdings gleich dahinter unbestätigt

[camaro77]

Auf der home Page steht 10.5 Financial Results
11.5 Conference Call
mfg Thomas

[camaro77]

Hier läuft's ja super hoffedas bleibt auch so.
Etwas über 10% die Woche.
schönes Wochenende Thomas

[camaro77]

MBIA kratzt bald an der 10$ Marke!

[freiwilder]

Hallo,
ich würde gerne hier investieren. Überlege mir aber ob ich noch bei AMBAC rein soll. Kann mir jemand etwas genaueres über ambac sagen?

[SuperInsider]

Antwort auf Beitrag Nr.: 39.327.000 von AdolfSteinbrueck am 13.04.10 20:03:16

Ambac ist an sich wertlos,wir als municipal Bondversicherer aber nicht vom Staat fallen gelassen.


Kann man so oder so sehen, deshalb bin ich sowohl hier, als auch bei AMBAC investiert. Will ja schließlich keine Rallye verpassen !

[curacanne]

Antwort auf Beitrag Nr.: 39.366.344 von SuperInsider am 20.04.10 11:53:20

ich hab auch beide

[camaro77]

Antwort auf Beitrag Nr.: 39.364.813 von freiwilder am 20.04.10 05:35:19

Im Prinzip haben beide das gleiche
Geschäft, wobei Mbia im Gegensatz zu Ambac
Finanziel viel besser dasteht.
Desweiteren war bzw ist Ambac vom Capter 11
bedroht.
Die Angst vor einem delisting wegen der Unterschreitung
der 1$ Marke scheint vorerst auch gebannt.(bei Ambac)
Die meisten infos bekommste aber über den Ambac Thread!
MFG Thomas

[camaro77]

Da passen ja heute fast alle smileys,
Aber die 10$ werden bestimmt ne harte Nuss!

[camaro77]

10,45 Dollar
Da hab ich jetzt das ganze Wochenendeein
im Gesicht.

[camaro77]

MBIA Inc was the 1st best-performing stock last week
by the Insurance stocks! (18,15%)

[camaro77]

MBIA Bonds und Aktien sind bereits seit einigen Tagen kräftig gestiegen.
Hier wussten einige schon Bescheid was mit Goldman Sachs vor sich geht.
Profitiert der amerikanische Kreditversicherer von einer (erfolgreichen) Klage der SEC gegen Goldman Sachs u evtl anderer Banken?
Fakt ist dass amerikanische Kreditversicherer Prozesse gegen verschiedene Grossbanken führen. Können Goldman Sachs, Dt Bank ?? (die Aktie fiel zeitweise um fast 10%) & Co des Betruges überführt werden dann könnten MBIA, Ambac & Co (IKB usw) hohe Schadensersatzansprüche geltend machen. Es geht hauptsächlich um die verbrieften "AAA" Mogelpackungen von wertlosen Hypothekenpfandrechten an amerikanischen Immobilien.
Deutsche Banken wie IKB, Hypo Real Estate, etliche Landesbanken u.a. Banken hauptsächlich bestückt mit naiven Politikern und sonstigen Bonussüchtigen in den Vorstandsreihen hatten durch die "AAA" Mogelpackungen von Goldman & Co Milliarden Verluste erlitten.
MBIA Aktien WKNR 874020 schossen nach Bekanntgabe der Klage gegen Goldman Sachs zeitweise um fast 10% in die Höhe. Auch Aktien von weiteren "Geschädigten" wie die der Royal Bank of Scotland (wegen der giftigen ABN Amro Pille) zogen sehr stark an!!
Wie schon vor einiger Zeit gesagt, es wird etwas holprig! Dafür mit vielen neuen Chancen!
"Cash is King"! Jeder hier der in der zurückliegenden "Krise" sich die Finger kräftig verbrannt u daraus gelernt hat wird mir hoffentlich zustimmen können dass es noch nie so einfach wie jetzt war an der Börse schnelles Geld zu verdienen!!

[camaro77]

Die 10$ scheinen vorerst überwunden
und bilden nach unten sicherlich einen Wiederstand.
Da ich bei so einem Durchmarsch den die Aktie
hinlegt davon ausgehe das etwas im busch ist und
einige vielleicht mehr wissen als andere lege
ich heute nochmal nach.
Hoffentlich werde ich nicht von der fälligen
Korrektur erwischt.

[camaro77]

Als ob ichs nicht geahnt hätte
naja da muß man durch,hoffe es kommt
nicht so das ich ausgestoppt werde.
(ist aber noch Luft)

[foundling]

Hallo,

ich gehe sehr bald von einer größeren Korrektur aus, der Wert wurde ja am Freitag bereits ordentlich gedrückt.

Würde evtl sogar in Betracht ziehen in eine Put-Option zu investieren. Leider finde ich ich unter Onvista & Co. keine Put-Option.

Könnt Ihr mir vieleicht auf die Sprünge helfen?

Danke & Gruß

foundling

[camaro77]

Hallo foundling
Bedenke das am 10.5 die Zahlen kommen bei
Ambac hat das zu einem massiven Kurssprung
geführt.
Bei Optionen kann ich dir nicht weiterhelfen,
kenne mich da zu wenig aus.
mfg Thomas

[foundling]

Antwort auf Beitrag Nr.: 39.442.127 von camaro77 am 03.05.10 06:13:59

Hallo, schon klar, aber seit der Veröffentlichung der Zahlen von Ambac ist der Kurs der MBIA ebenfalls kräftig gestiegen. Meiner Ansicht nach ist hier schon viel mit eingepreist. Aber bin auch mal auf das Zahlenwerk gespannt ...

[camaro77]

Hoffentlich hast du keinen Put gefunden.
Ich denke wenn überhaupt ist der Freitag ein
guter Zeitpunkt zum Einstieg und dann Montag sell
on good news.(ich bin aber eher auf long)

[foundling]

Antwort auf Beitrag Nr.: 39.449.095 von camaro77 am 04.05.10 06:43:51

Hallo,
habe in der Tat keinen gefunden (habe aber auch nicht weiter gesucht). Ich warte auch erst noch die Zahlen ab, bevor ich mich für eine Richtung entscheide ...
Gruß foundling

[camaro77]

Hab mal eine Order reingestellt zu7,05 Euro
rechne heute Abend mit einem Anstieg und will
dann gleich wieder raus
schaun mer mal

[camaro77]

Das war ja mal ein Griff ins Klo.
Jetzt hoffe ich mal auf die Zahlen und wenn
die dann gut ausfallen auf steigende Kurse.
Ein sell on good news (wenn es denn welche sind)
kann ich mir nach dem Kurssturz nicht mehr vorstellen!

[camaro77]

Wow so schnell gehts hat mir doch tatsächlich einer
meine letzte Posi abgenommen.
Der Rest wartet auf die Zahlen,bin mal gespannt wann die
Heute kommen.
Für den morgigen Conference Call steht die Zeit
da (8.00 a.m. ET)aber nicht für die Bekanntgabe der
Zahlen.
Weis hier jemand mehr?
mfg Thomas

[camaro77]

7,22$ Verlust pro Aktie
Da bin ich ja froh das ich heute noch zu7,79 Euro
mit einem Teil rausgekommen bin.
Die die ich noch habe tun mir noch genug Aua.
Zum Glück bin ich da fett im Plus.

[broker_muc]

Antwort auf Beitrag Nr.: 39.491.893 von camaro77 am 10.05.10 14:22:49

ui ui Verlust schlimmer wie 2009, das bedeutet nix gutes für den morgigen tag

[camaro77]

Scheinbar kommt der Verlust von einer Übernahme
eines Mitbewerbers (bei Bloomberg Businessweek gelesen)
kann aber nichts genaues finden.
Bei der Aktie News zu bekommen ist teilweise
schon eine herausforderung.

[camaro77]

Bin komplett raus das ganze Handelsvolumen kam von
mir ist der Hammer aber seit 4,55 Euro erst mal
Gewinne gesichert.
Muß mich nach Aktien mit größeren Volumina umschauen
obwohl mir der Wert gut gefallen hat.
mfg Thomas

[camaro77]

Da wir wieder das Niveu ereicht haben mit dem
ich das letzte mal gut verdient habe,hab ich mir
mal eine kleine Position reingelegt.

[camaro77]

Liege mit der ersten Pos ganz gut
im Plus und hab noch was dazugepackt

[camaro77]

Heute muß ich mich mal bei einem grossen
Privatinvestoren bedanken Bruce Bergowitz
heist der Gute,der jetzt 11% von MBIA besitzt.
Bei AIG hatte er mit seinem Einstieg auch schon eine
gute Nase und ich hoffe er wird mit MBIA
reich.

[kirroyal]

http://www.marketwire.com/press-release/Analytical-Reports-o…

[camaro77]

Danke für das einstellen des Links
lese natürlich auch bei Ambac mit glaube
aber das die bessere Kapitalausstattung von Mbia
höhere Gewinne zulässt auf die Zeit geshen.
Bin aber ziemlich allein mit meiner Meinung.

[kirroyal]

http://www.mysmartrend.com/news-briefs/news-watch/mbia-has-b…

[kirroyal]

http://www.schaeffersresearch.com/commentary/content/stocks+…

[camaro77]

Party on
Hoffe ich schaffe den Absprung wenn's
wieder in den Keller geht (oder auch nicht)
Danke für Links

[camaro77]

Nochmal nachgelegt über 9$ geht
es weiter

[AdolfSteinbrueck]

Antwort auf Beitrag Nr.: 39.875.864 von camaro77 am 26.07.10 12:58:29

am 10.8 gibts Q-Zahlen. Any comments ?

[camaro77]

Keine Ahnung heute ist ja Ambac dran die
könnten mir ganz schön die Performance versauen.
Bei Mbia bin ich schön im Plus (noch) und
überlege wie ich weiter vorgehe.
Newsflow ist ja immer ziemlich dünn die mehrheit
der Aktionäre scheint ja von guten Zahlen auszugehen
wie man am Kurs sieht.
Oder die Aktie wird von Zockern getrieben.

[AdolfSteinbrueck]

Nachbörslich + 11%, nach guten Zahlen.

[camaro77]

Antwort auf Beitrag Nr.: 39.955.225 von AdolfSteinbrueck am 09.08.10 22:25:21

Ich wollte eigentlich Morgen raus und Gewinne
mitnehmen vor den Zahlen aber so ist es mir auch
recht

[puettlingen]

denke mal , die leute die ihr geld bei Ambac verloren haben , werden sich jetzt auf MBIA stuerzen

MBIA ist cool, das ist die Aktie des Tages, nur Kunert Vorzuege sind besser (kleiner scherz)
MBIA Inc. recorded net income available to common shareholders of $1.3 billion, or $6.32 per share, for the second quarter of 2010, compared with net income of $895 million, or $4.30 per share, in the second quarter MBIA Inc.’s Adjusted Book Value (ABV), a non-GAAP measure, was $35.76 per share at June 30, 2010 compared with $36.01 per share at March 31, 2010.
of 2009.

die aktie steht bei ungefaehr 9 dollar


#

[camaro77]

Antwort auf Beitrag Nr.: 39.956.550 von puettlingen am 10.08.10 09:26:40

Das glaube ich nur bedingt da sind viele Leute
die es gezielt auf Pennystocks abgesehen haben.
Mein Ansatz ist das ich eine breite Streuung über
alle Branchen habe,Mbia und Ambac war da nur ein Zock
aber Mbia könnte wirklich überleben.
Die kommen von ca.70$ als nächstes 10,91$
Meine erste Pos liegt bei 4,5Euro macht schon Spaß

[puettlingen]

BN 08/09 21:43 MBIA Profit Increases 45% on Derivatives Contracts (Update1)
BN 08/09 20:16 *MBIA 2Q EPS $6.32, DOES NOT COMPARE WITH LOSS 80C EST. :MBI US
BN 08/09 20:14 *MBIA SAYS CASH $455M AT NATIONAL, $1.1B AT MBIA CORP JUNE 30
BN 08/09 20:14 *MBIA SAYS CHANNEL DEAL ADDS TO LIQUIDITY POSITION :MBI US
BN 08/09 20:14 *MBIA SAYS CDS COUNTERPARTY PACT ENDED $4.4B EXPOSURE FOR $72M
BN 08/09 20:14 *MBIA HAD $1.5B PRETAX UNREALIZED GAIN ON DERIVATIVES :MBI US
BN 08/09 20:14 *MBIA ADJUSTED BOOK VALUE PER SHARE $35.76 AT JUNE 30 :MBI US
BN 08/09 20:14 *MBIA INC. ADJUSTED BOOK VALUE PER SHR $35.76 :MBI US
BN 08/09 20:14 *MBIA INC. ADJUSTED BOOK VALUE $35.76-SHR AT JUNE 30 :MBI US
BN 08/09 20:13 *MBIA INC. 2Q INCLUDES $1.5B PRETAX GAIN :MBI US
BN 08/09 20:12 *MBIA 2Q EPS $6.32 :MBI US

[camaro77]

Endlich bin ich hier nicht mehr
so allein
Danke für die Einstellung erspart einem viel arbeit
bin nämlich gerade wieder im Krankenhaus und habe viele
Anwendungen also wenig Zeit.

[liber]

Habt ihr zufällig einen Link zu einen Realtime Chart?

[camaro77]

Antwort auf Beitrag Nr.: 39.959.173 von liber am 10.08.10 15:26:27

http://aktien.onvista.de/snapshot.html?ISIN=US55262C1009

[camaro77]

Antwort auf Beitrag Nr.: 39.959.510 von camaro77 am 10.08.10 16:04:33

Besser
http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=MBI&sel…

[camaro77]

Nach zwei schlechten Börsentagen und meines Erachtens recht geringen Verlusten
im Gegensatz zu den letzten mahlen als Zahlen gemeldet wurden,werde ich vielleicht
nachlegen.
Bin mir aber nicht so 100% sicher,gebt mir mal Endscheidungshilfe.
Gibt auch einen

[camaro77]

nachgelegt

[camaro77]

es läuft und läuft

[camaro77]

Die 10$ Marke ist durchbrochen und hält nun schon
seit ein paar Tagen,was für die Psychologie natürlich
sehr gut ist.
Desweiteren stimmt mich der seit fast 3 Monaten anhaltende
Anstieg der Aktie positiv da solch ein Anstieg bestimmt nicht
von Kleinanlegern getragen wird und die Instis bekanntlich mehr
wissen als unsereins.
Für die Charttechniker müsste die Aktie auch interessant sein.
Mit meiner ersten Position bin ich bald bei 100%
leider war es kein grosser Betrag ist halt schon ein
heisses Eisen.
Die Umsätze in Deutschland ziehen ja auch an(wenn man von Umsätzen
reden kann)von manchmal 100 am Tag bis auf immerhin 3 bis 4000 in
den letzten Tagen.
Naja schauen wir mal wie es weitergeht.
mfg Thomas

[camaro77]

Quelle flatex at
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Userquiz Diashow Wallpaper Buttons PDFFolder Blogroll BElogger-Deal login Username

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» Datum » letztem Posting » # Postings » Abrufen sortieren 809
viewsMBIA INC/ AMBAC FINANCIAL HOLDING – WKN 874020/ WKN 882277 – UPDATES

10. August 2010 22:55




MBIA INC/ AMBAC FINANCIAL HOLDING – WKN 874020/ WKN 882277 – UPDATES





In den letzten Wochen war es ruhig um den kostenlosen tradersreport Newsletter. Unsere Abonnenten wurden jedoch weiterhin börsentäglich mit lukrativen und aussichtsreichen Tradingideen versorgt. Haben sie auch die Gewinne bei den Euro/USD bzw. EURO/CHF-Trades mitgenommen. Wurden sie etwa auch in die Aktien von z.B. den AGRIMARINE HOLDINGS reingelockt? In etlichen Börsenbriefen wurden diese Aktien in den letzten Handelstagen als Kauf vorgestellt. Die Analysten vom tradersreport warnen ganz klar vor einem Kauf von Aktien dieses Unternehmens. Sie müssen selber entscheiden, welche Börsenpublikation sie beziehen wollen, der tradersreport lohnt sich auf jeden Fall. Sie bekommen heute einmal wieder eine kostenlose tradersreport ABO-Version zugeschickt. Viel Spaß beim lesen.

Die Analysten vom tradersreport haben in den letzten Wochen jeweils einen Longtrade in den Aktien von der MBIA INC. mit der WKN 874020 und den Aktien der AMBAC FINANCIAL HOLDING mit der WKN 882277 vorgestellt.

Beide Unternehmen sind im Bereich der US-Immobilienfinanzierung tätig. Beide Unternehmen können durch ihr Geschäftsmodell als klassische Monoliner bezeichnet werden. Sie übernehmen Finanzierungen von US-Städten und oder Gemeinden und geben diesen durch das bisherige bessere Unternehmensrating die Möglichkeit Finanzierungen günstiger vollziehen zu können. Beide Unternehmen haben am Montag nach US-Börsenschluß die Zahlen für das vergangene Quartal vorgelegt. Hier hören aber auch schon die Gemeinsamkeiten auf. Die Zahlen von der MBIA INC. können durchaus als glänzend bezeichnet werden. Das Unternehmen hat durch Absicherungsgeschäften mit Zinsderivaten und einen wieder erholenden Immobilienmarkt 6,32 USD pro Aktie erwirtschaftet. Diese Dynamik wird sich aber nicht aufrechterhalten können. Trotzdem entfaltet sich das extreme Kurspotenzial in den Aktien erst in den kommenden Quartalen und Jahren. Wenn der US-Immobilienmarkt sich weiter fangen kann, winken weitere mögliche enorme Hebel für die Anleger. Man darf nicht vergessen, wie viel Geld in den letzten beiden Jahren „verbrannt“ wurde. Diese Verluste waren fast ausschließlich Abschreibungs- und damit Buchverluste. Es könnte sich also noch ein erheblicher Schatz bei den Finanzierern versteckt halten.
Bei dem Konkurrenten AMBAC FINANCIAL HOLDING sieht die Situation noch etwas kritischer aus. So musste das Management einen Verlust von ca. 58 Mio. USD bekannt geben. Zusätzlich wurde wieder das Thema „prepackaged Bankruptcy“ auf die Agenda gebracht. Unsere Analysten sehen darin lediglich den Sinn, einer möglichen Anklage von Insolvenzverschleppung entgegenzuwirken. In den letzten Monaten haben sich große Hedgefonds mittels Anleihekäufen bei dem Finanzunternehmen eingekauft. Diese wollen das Management zu einem Debt-swap-to-Equity zwingen. Dabei sollen ehemalige Verbindlichkeiten in Aktien getauscht werden. Wir haben darüber bereits in einer früheren Ausgabe berichtet. In besonderen Fällen werden solchen Forderungen auch einmal durch Anklagen Nachdruck verleitet. Das „prepackaged Bankruptcy“ verfahren ist eine Möglichkeit, um besonders schnell und elegant Unternehmen in eine bessere bilanzielle Situation bringen zu können. Es bedarf aber der Zustimmung von den Aktionären und kann somit nicht ohne weiteres vollzogen werden. Es bleibt bei dem Unternehmen weiter spannend und zeigt, wie schwierig die ganze Materie eigentlich ist.

Wir sehen bei beiden Aktien noch erhebliches fundamentales Potenzial. Während MBIA INC. nunmehr eher die konservativere Anlage ist, kommt bei den Aktien der AMBAC FINANCIAL HOLDING eindeutig das risikoreichere Dasein zur Geltung. Den fundamentalen fairen Wert für eine MBIA INC Aktie setzen wir vorerst bei 12,00 USD und für die AMBAC FINANCIAL Aktie bei 1,20 USD an.










Der Chartverlauf bei den Aktien der MBIA INC. gibt keine weiteren Zweifel auf. Kurz nach unserer Longtradevorstellung kannten die Aktien nur eine Richtung. Somit hat sich ein sehr schöner und stabiler Aufwärtstrend etabliert, der noch Raum für weitere Kursgewinne lässt. Gerade mittelfristig eröffnet noch erhebliches Kurspotenzial.
Bei den Aktien der AMBAC FINANCIAL HOLDING scheinen sich die Notierungen nicht von der 0,70 USD Marke lösen zu können. Wir haben es bereits angesprochen, dass das Unternehmen unter der Kontrolle von einigen großen Hedgefonds steht. In den letzten Wochen hat sich ebenfalls die Citigroup mit knapp 6 % zum größten Einzelaktionär gemausert. Ob die Position wirklich von der Citigroup ist oder nur für Jemand „geparkt“ wird ist noch nicht klar. Fakt ist, dass das Unternehmen sich nicht von den 0,70-0,75 USD lösen soll. Damit hat sich vorerst kurzfristig das Kurspotenzial etwas eingeschränkt. Es werden vorerst weitere Impulse für baldige Kursgewinne fehlen. Mittelfristig ist weiterhin noch alles offen. Kurzfristig setzen wir das Kursziel vorerst bei max. 0,90 USD an.


Die Analysten vom tradersreport würden die Aktien der MBIA INC. mit der WKN 874020 und den Aktien der AMBAC FINANCIAL HOLDING mit der WKN 882277 weiter halten.

Ziehen sie ihr individuelles Stoplimit für die Aktien der MBIA INC. auf z.B. umgerechnet 6,50 € und für die Aktien der AMBAC FINANCIAL HOLDING auf z.B. umgerechnet 0,45 € auf Schlusskursbasis nach. Das Kursziel für die Aktien der MBIA INC. setzen wir vorerst bei umgerechnet 10,00 € und für die Aktien der AMBAC FINANCILA HOLDING auf umgerechnet 1,00 € an.

Wir wissen zwar nicht, ob und wie sie Geld in den letzten Wochen verdient haben, doch sie sollten nicht mehr lange Warten, sondern Handeln. Unter http://www.tradersreport.at/abo2010/ab..." target="_blank" rel="nofollow ugc noopener">http://www.tradersreport.at/abo2010/ab... können sie sich schnell und kinderleicht für eine ABO-Variante entscheiden.

Vor Börsenbeginn erfahren die tradersreport Abonnenten die vorgeschlagene Werte und dazugehörigen Limite und Börsenplätze.

Unter http://www.tradersreport.at/ können sie sich jederzeit und kinderleicht für eine Abo-Variante entscheiden und per Pay-Pal oder Rechnung bezahlen.

Warten sie nicht mehr lange, jeden Tag gibt es viele neue Tradingmöglichkeiten.




Viel Erfolg beim Traden
Ihr tradersreport-Team





Die tradersreport-Abonnenten haben diese Ausgabe bereits am 10.08.2010 erhalten.

[camaro77]

Quelle Boerse ARD MBIA über Erwartungen
Der zweite große Monoliner, MBIA, hat hingegen im zweiten Quartal mehr verdient als erwartet. Die Gesellschaft hat dabei deutlich von den Schwankungen an den Kapitalmärkten der letzten Monate profitiert. Vor allem wegen höherer Risikoaufschläge in den gehaltenen Derivaten sei im abgelaufenen zweiten Quartal ein Gewinn von 1,3 Milliarden Dollar angefallen, teilte der einst weltgrößte Bondversicherer mit. Im Vorjahreszeitraum habe der Überschuss bei 895 Millionen Dollar gelegen.

UBS-Analyst Brian Meredith erhöhte daraufhin sein Kursziel von sechs auf 9,50 Dollar und bestätigte seine fundamental neutrale Einstufung. Aktuell steht das Papier an der New Yorker Börse bei 8,64 Dollar, das Zwölf-Monats-Hoch lag bei 10,55 Dollar im April.

[camaro77]

Mbia hat das 52 Wochen Hoch bei 10,92$ überschritten.
Für die Chart Futzis ein Fest und die Aktie bekommt dadurch
Rückenwind.
Mit meiner 1 Pos. bin ich bei fast 100% und Morgen kommt
eine weitere Pos. dazu.
Die erste Pos. hab ich mit dem Geld meiner verkauften Ambac Position
gekauft die beste Endscheidung des Jahres.

[puettlingen]

wer wissen will warum die aktie gerade nach oben ausbricht

Synthetic put player positions for news highs in MBIA, Inc. shares
2010-10-01 16:33:32.899 GMT

Friday October 1, 2010

Synthetic put player positions for news highs in MBIA, Inc. shares

Today's tickers: MBI, EEM, SNP & GDX

MBI – MBIA, Inc. – Bullish strategists bombarded MBI in the first half of the trading session with shares of the insurance company trading higher by 2.30% as of 12:05 pm ET to stand at $10.28. At least one options investor has initiated a synthetic put on the stock in order to position for MBI's shares to explode to the upside by January 2011 expiration. It looks like the medium-term optimistic player sold a massive chunk of MBIA shares, roughly 573,000 of them, at approximately $10.03 apiece spread against the purchase of roughly 18,850 calls at the January 2011 $12.5 strike at a premium of $0.53 per contract. The synthetic put strategy positions the investor to make money if MBI's shares shoot straight through $12.50 and the delta on the calls continues to climb by expiration day. This leveraged exposure to upside potential is provided by the long calls because those contracts will appreciate at a faster rate than the accrual of losses from the short stance in shares if the insurer's share price rises significantly in the next four months. Additionally, the long calls help protect him from losses on the short position in shares while the price of the underlying appreciates toward the strike price of $12.50. If shares fail to rally and actually decline the trader may profit as the short shares become more profitable on the trek lower. Options implied volatility on MBIA, Inc. is up 4.5% at 59.07% as of 12:15 pm ET.

EEM – iShares MSCI Emerging Markets Index ETF – Fresh interest in call options on the emerging markets fund is building in the first half of the session with the price of the underlying shares trading higher by 1.10% to arrive at $45.26 just before 11:40 am ET. Earlier in the session, shares of the ETF rallied 1.40% to hit a new 52-week high of $45.40. Perhaps shares of the EEM, an exchange-traded fund that tracks the performance of the MSCI Emerging Markets Index – an Index designed to measure equity market performance in the global emerging markets, are up following news that China's manufacturing expanded at the fastest pace in four months in September. Some positive signs that economic growth may be on the mend and China's better-than-expected PMI number released today may have inspired fresh demand for calls on the emerging markets fund. It looks like bullish options traders purchased some 23,500 calls at the October $47 strike for an average premium of $0.15 each versus previously existing open interest at that strike of just 5,037 contracts. Call buyers are poised to profit should shares of the EEM rally 4.175% to trade above the average breakeven price of $47.15 by November expiration. Emerging markets bulls appear to be positioning for shares of the fund to continue rising to new heights through expiration day in just a few weeks time.

SNP – China Petroleum & Chemical Corp. – Shares of the largest Chinese oil and petrochemical company are up 1.20% at $89.34 in morning trading perhaps on news the company, known by the abbreviation Sinopec, purchased a 40% stake in the Brazilian unit of Spanish oil company Repsol for $7.1 billion. It looks like one investor expecting Sinopec's shares to climb higher by January 2011 expiration is positioning for the rally by initiating a bullish risk reversal.
The trader sold 2,250 puts at the January 2011 $80 strike at an average premium of $1.7750 apiece in order to buy the same number of calls at the higher January
2011 $100 strike for a premium of $1.45 each. The investor pockets a net credit of $0.325 per contract and keeps the full amount as long as SNP's shares exceed $80.00 through expiration day next year. Additional profits start to amass should the price of the underlying shares surge 11.9% over the current price of
$89.34 to trade above $100.00 ahead of expiration day in January.

GDX – Market Vectors Gold Miners Index ETF – A short strangle initiated on the gold miners fund this morning indicates one options strategist expects the price of the underlying shares to trade within a specified range through expiration in November. Shares of the GDX, an exchange-traded fund designed to replicate the performance of the NYSE Arca Gold Miners Index, are up 1.35% at
$56.68 as of 11:20 am ET. The strangle player sold 4,000 puts at the November
$52 strike for premium of $0.88 apiece and shed 4,000 call at the higher November $62 strike at a premium of $0.67 each. Gross premium pocketed on the transaction amounts to $1.55 per contract. The investor keeps the full amount of premium received on the strangle if GDX shares trade above $52.00 but below $62.00 through November expiration day. Short positions in both call and put options expose the investor to losses should shares of the fund rally above the upper breakeven price of $63.55, or if shares trade below the lower breakeven point at $50.45, ahead of expiration.

Andrew Wilkinson
Senior Market Analyst
[e-mail]

[camaro77]

WOW das war ja ein schöner Tag.
Wollte schon mal Gewinne mitnehmen,
da hätte ich mir in den A... gebissen.

[puettlingen]

MBIA denkt:Target uber 20 USD!!
Target uber 20 USD!!
aus Seeeking alpha

an article to Shares of MBIA (MBI) surged over 15% on Thursday, October 14, closing at $13, apparently due to a Business Insider article entitled “Why The Bond Insurers May Be The Huge Winners From The Brewing Mortgage-Bond Scandal.” The article, which can be found here, briefly highlights a presentation by Manal Mehta of Branch Hill Capital. The report was issued in June of 2010, but was not widely read until the Business Insider article, which provides a link to the presentation. The Branch Hill report argues, among other things, that MBIA will benefit if banks are required to repurchase a high percentage of bad loans they underwrote that were later securitized.

In many respects, the MBIA report is excellent. It provides many illuminating statistics, and is presented extraordinarily well. Unfortunately, when it comes to supporting its key thesis, that MBIA is a good investment, the report is very weak. MBIA is more akin to a legal lottery ticket than an investment, and a lottery ticket where the winning payoff is much lower than others with similar odds of winning. This article will discusses the report’s important analysis and conclusions in the order presented.

SLIDE 3

Slide 3 focuses on the adjusted book value (ABV) of National Public Finance Guarantee Corporation (“National”) as a valuation metric. Adjusted book value is a useful benchmark, but other factors need to be considered when using adjusted book value as a valuation metric. These include the following.

Future revenues: MBIA’s two main financial guaranty subsidiaries, MBIA Insurance Corporation (the “bad bank” that was stripped of $5 billion in early 2009) and National (the “good bank” that was funded with the $5 billion) have effectively been in run-off (they have not written new policies) for almost three years. Given the uncertainty and litigation surrounding MBIA’s restructuring, there is little hope that National will generate significant revenues for the foreseeable future.

Potential obligations: As of June 30, National was exposed to credit losses on $485 billion worth of bonds, or $2,421 per share. Any sane person would much rather have $21.43 (National’s adjusted book value as of June 30) in cash rather than $21.43 in tangible net assets plus the obligation to cover losses on $2,421 worth of bonds, including $13.90 that are junk rated and $222.81 that are rated BBB.

Loss estimation errors: Assume MBIA's loss estimates are perfect (a giant leap of faith given MBIA's track record).

Operating expenses: Page 19 of MBIA’s second quarter operating supplement shows $0.10 billion of operating expenses for National for the first six months of this year, an annualized rate of $200 million. This rate should taper off as the portfolio amortizes over the next 20+ years, but shareholders should reasonably expect future operating expenses in the rough ball park of $1 billion ($4.99 per share).

These factors suggest that a price target above National’s ABV is wildly optimistic if the structured finance business is worthless. Here is the math:

Future revenues: $0, but could be negative if National underprices coverage in an attempt to show that the franchise is not dead.

Potential obligations: It seems fair to say that the average person would rather take $10.72 (50 cents on the dollar) rather than $21.43 that is exposed to credit losses on municipal bonds worth $2,421, including $13.90 of junk bonds, especially given that this money can only be released as the bonds amortize over the next 20+ years.

Company loss estimates: Assume that National’s loss estimates are perfect.

Operating expenses: $4.99 before taxes equates to $3.49 assuming a 70% tax rate.

By this math, National is only worth $10.72 - $3.49, or $7.23. If MBIA attempted to sell National, it is debatable whether it would fetch for more than $1 billion ($5 per share). Unfortunately, if the structured finance business is worthless, as is widely believed, cash flows from National will also need to fund holding company debt worth around $3 per share.

Branch Hill acknowledges holding company debt, but ignores the obligation to fund any shortfall in MBIA’s wind-down businesses. MBIA’s second quarter operating supplement shows an adjusted book value of negative $3.98 per share for the asset management business.

Therefore, if the structured finance business is worthless, shareholders would not be entitled to $7.23 per share, the full unencumbered value of National. The holding company would first need to pay:

1. Debt worth about $3; plus

2. The shortfall in the wind-down businesses, estimated by MBIA to be $3.98 per share.

Including a modest amount of cash, this leaves holding company assets that are worth only slightly more than liabilities. The net result is a fair valuation for MBIA around $2 or $3 per share, assuming the structured finance business is worthless, not anywhere near Branch Hill’s $20.71+ price target.

[puettlingen]

sorry habe mich wohl verlesen . ist doch nicht bullish der artikel

The net result is a fair valuation for MBIA around $2 or $3 per share, assuming the structured finance business is worthless, not anywhere near Branch Hill’s $20.71+ price target.


mein englisch ist nicht das beste

[puettlingen]

sorry habe mich wohl verlesen . ist doch nicht bullish der artikel

The net result is a fair valuation for MBIA around $2 or $3 per share, assuming the structured finance business is worthless, not anywhere near Branch Hill’s $20.71+ price target.


mein englisch ist nicht das beste

[puettlingen]

sorry habe mich wohl verlesen . ist doch nicht bullish der artikel

The net result is a fair valuation for MBIA around $2 or $3 per share, assuming the structured finance business is worthless, not anywhere near Branch Hill’s $20.71+ price target.


mein englisch ist nicht das beste

[puettlingen]

sorry habe mich wohl verlesen . ist doch nicht bullish der artikel

The net result is a fair valuation for MBIA around $2 or $3 per share, assuming the structured finance business is worthless, not anywhere near Branch Hill’s $20.71+ price target.


mein englisch ist nicht das beste

[camaro77]

Antwort auf Beitrag Nr.: 40.399.330 von puettlingen am 27.10.10 14:13:02

Da haben wir wohl schon 2 Sachen gemeinsam
MBIA und schlechtes Englisch
Vielleicht reichen die Gewinne ja für
einen Englisch Kurs

[camaro77]

MBIA Inc. (NYSE: MBI) wird host ein Webcast und Telefonkonferenz für Investoren auf Mittwoch, November 10, um 8: 00 Uhr (EST), seine finanziellen Ergebnisse des dritten Quartals 2010 und andere Probleme im Zusammenhang mit der Gesellschaft zu diskutieren. Die Dial-in-Anzahl für den Aufruf ist [phone], in den USA und [phone] von außerhalb der USA Der Telefonkonferenz Code ist 14798707.
Die Telefonkonferenz wird der kurze Bemerkungen über die dritte Quartal 2010 finanzielle Ergebnisse, gefolgt von einer Frage und Antwort-Sitzung für Investoren bestehen. MBIA's dritten Quartal finanziellen Ergebnisse Pressemitteilung und 10-Q Einreichung wird ausgestellt werden, nachdem der Markt am Dienstag, November 9, 2010 geschlossen. Der Veröffentlichung der finanziellen Ergebnisse, werden 10-Q und andere Angaben auf der Unternehmens-Website, www.mbia.com, vor dem Beginn des Aufrufs bekanntgegeben.
Eine Wiederholung des Aufrufs werden verfügbar ca. zwei Stunden nach Abschluss des Aufrufs auf November 10 bis 23: 59 Uhr auf November 24 durch einwählen [phone] in den USA oder [phone] von außerhalb der USA Der Replay-Aufruf-Code ist auch 14798707. Darüber hinaus wird eine Aufnahme des Anrufs auf der Webseite des Unternehmens etwa zwei Stunden nach Abschluss des Aufrufs verfügbar.
MBIA Inc., mit Sitz in Armonk, New York ist eine Holding-Gesellschaft, deren Tochtergesellschaften finanzielle Garantie Versicherung, fixed Income Assetmanagement und anderen spezialisierten Finanzdienstleistungen bieten. Das Unternehmen Dienstleistungen seine Kunden rund um den Globus, mit Büros in New York, Denver, San Francisco, Paris, London, Madrid und Mexiko-Stadt. Besuchen Sie MBIA's-Website unter www.mbia.com.

Quelle Finanznachrichten

[camaro77]

Ob MBIA von einer Möglichen Pleite Ambacs profitieren
kann?

[camaro77]

Etwas leichter notieren im vorbörslichen Handel MBIA, die um 0,4% nachgeben. Der Anleiheversicherer hat seinen Verlust im dritten Quartal weiter verringert und zugleich von einer "deutlich verbesserten" Liquiditätssituation gesprochen. Am Dienstag beantragte allerdings der Wettbwerber AMBAC Gläubigerschutz nach Kapitel 11.

Quelle der Aktionär Online

[camaro77]

New York (BoerseGo.de) – Der US-Anleihenversicherer MBIA berichtet für das dritte Quartal einen Verlust von 1,06 Dollar pro Aktie und verfehlt damit die Erwartungen von Wall Street um 48 Cent. Im entsprechenden Vorjahresquartal stand ein Fehlbetrag von 3,50 Dollar pro Aktie zu Buche.

Die Aktie verliert nachbörslich aktuell 2,3 Prozent auf 11,02 Dollar.


Börse Go

[camaro77]

Mittwoch, 10. November 2010, 07:49 Uhr
Diesen Artikel drucken[-] Text [+] Bangalore (Reuters) - Der US-Anleihenversicherer MBIA hat wegen niedrigerer Kosten seinen Verlust im dritten Quartal deutlich gesenkt.
Wie das Unternehmen am Dienstag nach Börsenschluss mitteilte, betrug der Fehlbetrag 213 Millionen Dollar, nach 728 Millionen im Vorjahresquartal. Die Ausgaben wurden innerhalb eines Jahres um 63 Prozent gesenkt. Zugleich sanken die Einnahmen durch Versicherungsbeiträge um ein Viertel. Nach wie vor spürt das Unternehmen die Auswirkungen der Krise auf dem US-Immobilienmarkt. Bei Investoren sorgten die Zahlen aber für gute Stimmung: MBIA-Papiere legten im nachbörslichen Handel um sieben Prozent zu.

Der MBIA-Konkurrent Ambac hat am Montag den Insolvenzantrag eingereicht, weil ihm das Geld ausging. Das Unternehmen versicherte zeitweise Schuldpapiere im Wert von 550 Milliarden Dollar, bevor ihm die Immobilienkrise zum Verhängnis wurde.

Reuters

[camaro77]

MBIA prepares for BIG GAINS (Article) 10-Nov-10 09:57 pm MBIA may be a big winner out of the foreclosure bond mess, according to a report from Manal Mehta and Branch Hill Capital, whose negative call on Bank of America is getting tons of attention today..

The insurer may be well positioned to benefit from put backs or recissions related to the mortgage bond fallout. What that means is that insurers could recover a great deal of money from banks who misled them about the mortgage backed securities they guaranteed (slide 23).

Bank of America may be forced to buy back the loans MBIA covered, or, at the least, pay back MBIA for all the payments it has made and all future payments on its insurance (slide 26).

Bottom line: MBIA could be set to see its stock price rise dramatically. Today its stock price is up 10.72% (2:20 PM ET).



Read more: http://www.businessinsider.com/manal-meh... Rating :
(4 Ratings)Rate it:

[camaro77]

Antwort auf Beitrag Nr.: 40.507.677 von camaro77 am 12.11.10 07:54:24

regarding MBIA today, showing Bruce Berkowitz and his Fairholme Capital Management increasing their stake in MBIA.

The 13G filing shows Berkowitz's stake rising to 16.5% of shares outstanding in MBIA, owned via Fairholme Capital Management.

From the 13G:

33,032,600 shares of Common Stock of MBIA Inc. are owned, in the aggregate, by various investment vehicles and accounts managed by Fairholme Capital Management, L.L.C. ("FCM")of which 20,501,100 shares are owned by The Fairholme Fund, a series of Fairholme Funds, Inc. Because Bruce Berkowitz, in his capacity as the Managing Member of FCM or as President of Fairholme Funds, Inc., has voting or dispositive power over all shares beneficially owned by FCM, he is deemed to have beneficial ownership of all such shares so reported herein.

It has been suggested that MBIA will be a huge winner in the mortgage putback crisis gaining payouts from banks that misled MBIA about the securities it insured.

Here's the presentation detailing why MBIA will be a big winner from the mortgage bond insurer fallout >
Tags: Banks, Mortgages, Mortgage Putbacks | Get Alerts for these topics » Sponsored Link:Monster.com. Get a Monster Advantage. .

Read more: http://www.businessinsider.com/bruce-berkowitz-mbia-16-perce…

[camaro77]

SAN FRANCISCO -- MBIA Inc. climbed more than 4% in afternoon action on Friday. Jay Brown, chief executive of the bond insurer, bought 100,000 shares of the company at $10 each, according to a regulatory disclosure late Thursday. MBIA shares rose 4.6% to $10.32 on Friday, leaving them up 159% so far this year.


Copyright © 2010 MarketWatch, Inc.

[camaro77]

MBIA kaufen
Düsseldorf (aktiencheck.de AG) - Die Experten von "Die Actien-Börse" raten zum Kauf der MBIA-Aktie (ISIN US55262C1009/ WKN 874020).

Anzeigen von GoogleAktien mit Superkraft
Diese Aktie muss unbedingt 400% hoch. Gratis Tipp!
www.topaktienreport.de

Im Rahmen der Insolvenz von AMBAC hätten Anleger auch bei MBIA Gewinne mitgenommen. So sei es von 13 auf 9 USD abwärts gegangen.
Im Januar dürfte bezüglich der Aufstockung des Eigenkapitals entscheiden werden, damit das Rating verbessert werde. Dies sei eine Voraussetzung dafür, um als Versicherer für Municipal-Bonds im Geschäft zu bleiben. Denn MBIA sei nach der Pleite von AMBC der mit Abstand führende "Monoliner". MBIA dürfte wohl in 2011 wieder in die Gewinnzone zurückkehren.

Anzeigen von GoogleAktien mit Superkraft
Diese Aktie muss unbedingt 400% hoch. Gratis Tipp!
www.topaktienreport.de

Nach Meinung der Experten von "Die Actien-Börse" soll man die Aktie von MBIA um 9/10 USD aufstocken. Das Kursziel sehe man bei 14 USD. Die Volatilität sollte weiter hoch bleiben. (Ausgabe 47 vom 27.11.2010) (29.11.2010/ac/a/a)
Offenlegung von möglichen Interessenskonflikten: Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen.

[camaro77]

Home
Nachrichten
Top-Nachrichten
Inland
Ausland

Über Thomson Reuters Bondversicherer MBIA mit weniger Verlust
Mittwoch, 10. November 2010, 07:49 Uhr
Diesen Artikel drucken[-] Text [ ] Bangalore (Reuters) - Der US-Anleihenversicherer MBIA hat wegen niedrigerer Kosten seinen Verlust im dritten Quartal deutlich gesenkt.
Wie das Unternehmen am Dienstag nach Börsenschluss mitteilte, betrug der Fehlbetrag 213 Millionen Dollar, nach 728 Millionen im Vorjahresquartal. Die Ausgaben wurden innerhalb eines Jahres um 63 Prozent gesenkt. Zugleich sanken die Einnahmen durch Versicherungsbeiträge um ein Viertel. Nach wie vor spürt das Unternehmen die Auswirkungen der Krise auf dem US-Immobilienmarkt. Bei Investoren sorgten die Zahlen aber für gute Stimmung: MBIA-Papiere legten im nachbörslichen Handel um sieben Prozent zu.

Der MBIA-Konkurrent Ambac hat am Montag den Insolvenzantrag eingereicht, weil ihm das Geld ausging. Das Unternehmen versicherte zeitweise Schuldpapiere im Wert von 550 Milliarden Dollar, bevor ihm die Immobilienkrise zum Verhängnis wurde.

[camaro77]

23.12.2010 23:53
MBIA wins key ruling in Bank of America case
WILMINGTON, Del., Dec 23 (Reuters) - MBIA Inc won a key ruling that will sharply reduce the time and cost of gathering evidence to prove that Bank of America fraudulently induced it to insure billions of dollars of mortgage bonds.

A New York state judge ruled that MBIA can use statistical sampling to try to prove that underwriting standards on pools of about $20 billion in loans were fraudulently represented.

MBIA is seeking to recover more than $1.4 billion that it has paid out in insurance claims stemming from the bonds that pooled loans from Countrywide, a mortgage company that was bought by Bank of America.

The bond insurer had argued inspecting each of 368,000 loan files that were packaged into 15 mortgage bonds would have been extremely costly and time-consuming.

Bank of America said in a statement that the 'ruling is limited and procedural in nature. Nothing has been decided on the merits. As the Court notes, MBIA must prove each element of its claims -- this we believe it cannot do. We intend to continue to aggressively defend.'

The ruling could give momentum to other insurers and investors who have been pressing mortgage companies to repurchase soured loans underlying mortgage bonds but have struggled with the expense of fighting on a loan-by-loan basis.

MBIA proposed using 400 loans from each of the 15 mortgage bonds as a sample that would be tested.

'The use of sampling is widespread as a valid method to prove cases with large amounts of underlying data,' Judge Ellen Bransten wrote in her Wednesday opinion. She added that 'sampling is not proof, but merely a vehicle to present evidence.'

MBIA has alleged that Countrywide falsely represented that its loans strictly complied with long-standing guidelines, when in reality the loans were often made with little regard to the ability of the borrower to repay.

MBIA did not have an immediate comment.


Quelle Finanznachrichten

[camaro77]

Return to Headlines MBIA is Among the Companies in the Property & Casualty Insurance Industry With the Best Relative Performance (MBI, CINF, ACE, TRV, CB)
Written on Tue, 12/14/2010 - 6:21amBy Amanda Smith
Below are the top five companies in the Property & Casualty Insurance industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.
MBIA (NYSE:MBI) ranks first with a gain of 3.7%; Cincinnati Financial (NASDAQ:CINF) ranks second with a gain of 1.65%; and ACE (NYSE:ACE) ranks third with a gain of 1.11%.
Travelers (NYSE:TRV) follows with a gain of 0.93% and Chubb (NYSE:CB) rounds out the top five with a gain of 0.91%.
SmarTrend currently has shares of Cincinnati Financial in an Uptrend and issued the Uptrend alert on July 13, 2010 at $27.45. The stock has risen 16.7% since the Uptrend alert was issued.

Quelle Smartrend

[camaro77]

Shares of MBIA Inc. (NYSE: MBI) saw unusually high trading volume on Wednesday. Approximately 11.58 million shares changed hands during mid-day trading. During the most recent quarter, the stock had an average daily volume of 4.828 million shares. The stock last traded at $10.36.

MBIA Inc. (MBIA) provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services for the public and structured finance markets, and investment management services, including advisory services, on a global basis. The Company conducts the financial guarantee business, as well as related reinsurance, advisory and portfolio services, through the wholly owned subsidiaries National Public Finance Guarantee Corporation (National), the United States public finance financial guarantee company, and MBIA Insurance Corporation (MBIA Corp.), which together with its subsidiaries, writes global structured finance and non-United States public finance financial guarantee insurance. MBIA conducts the investment management business primarily through wholly owned subsidiaries of Cutwater Holdings, LLC (Cutwater). Cutwater offers advisory services, including cash management, discretionary asset management and structured products on a fee-for-service basis.

MBIA Inc. (NYSE: MBI) traded up 8.82% during mid-day trading on Wednesday. The stock has a 52 week low of $3.96 and a 52 week high of $13.17. Its 50-day moving average is $10.17 and its 200-day moving average is $9.49. The company has a market


Da ist bestimmt was im Busch!
Quelle Banking&Market News

[camaro77]

Related News:Bonds · .MBIA Credit-Default Swaps Hold Steady After Ratings Cut, BofA Court Ruling
By Mary Childs - Dec 23, 2010 11:17 PM GMT+0100
inShare.More
Business ExchangeBuzz up!DiggPrint Email .Credit-default swaps on MBIA Inc. were little changed after Standard & Poor’s cut the company’s debt rating and a New York court ruled that the bond insurer can go ahead with a proposal to use statistical sampling in a fraud suit against Bank of America Corp.

S&P cut MBIA’s ratings yesterday, citing “significantly higher” projections of potential losses and uncertainty that the company’s split of its businesses will hold up in court. Separately, Bank of America had sought to prevent MBIA from using statistical sampling to pursue a lawsuit demanding that the bank buy back mortgages MBIA says it was fraudulently induced to insure.

“In a nutshell, there are some positive developments in put-back litigation for MBIA, which could increase the amount of out-of-court settlement,” said Mikhail Foux, a credit strategist at Citigroup Inc. in New York.

Contracts protecting against the company’s default for five years increased 0.5 percentage point to 17.5 percent upfront, according to data provider CMA. That’s in addition to 5 percent a year, meaning it would cost $1.75 million initially and $500,000 annually to protect $10 million of Armonk, New York- based MBIA Inc.’s debt.

Contracts on the company’s MBIA Insurance Corp. unit held at 57 percent upfront, unchanged from yesterday and up from 55.6 on Dec. 21, CMA data show.

Durable Goods

Contracts on Bank of America climbed 1.4 basis points to 177.4, CMA data show.

The cost of protecting bonds from default in the U.S. climbed from the lowest level in eight months after orders for durable goods trailed forecasts.

The Markit CDX North America Investment Grade Index, which investors use to hedge against losses on corporate debt or to speculate on creditworthiness, increased 0.8 basis point to a mid-price of 85.6 basis points as of 3:53 p.m. in New York, according to index administrator Markit Group Ltd.

The rise came after a government report showed orders for durable goods fell 1.3 percent in November, a bigger drop than the 0.5 percent median forecast of economists surveyed by Bloomberg News.

Credit swaps pay the buyer face value if a borrower fails to meet its obligations, less the value of the defaulted debt. A basis point equals $1,000 annually on a contract protecting $10 million of debt.

To contact the reporter on this story: Mary Childs in New York at [e-mail]

To contact the editor responsible for this story: Alan Goldstein at [e-mail]
.

[camaro77]

JP Morgan, Barclays now OK with MBIA plans: reportExplore related topics
Banks Insurance JPMorgan Chase & Co Barclays PLC Story
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Yahoo! Buzz MySpace del.icio.us Reddit LinkedIn Fark StumbleUpon Newsvine |Recommend PrintEmail AlertBy MarketWatch
JPMorgan Chase & Co. /quotes/comstock/13*!jpm/quotes/nls/jpm (JPM 42.26, -0.10, -0.24%) and Barclays PLC /quotes/comstock/13*!bcs/quotes/nls/bcs (BCS 16.54, +0.04, +0.24%) are no longer opposed to MBIA Inc.'s /quotes/comstock/13*!mbi/quotes/nls/mbi (MBI 10.73, +0.37, +3.60%) plan to restructure its businesses, Reuters reported Wednesday, citing a filing with the New York State Supreme Court in Manhattan.

MBIA said in 2009 that it wants to split its municipal bond insurance business from its structured finance operations so it can continue guaranteeing municipal bonds and local governments can borrow more cheaply, according to Reuters.

The U.S. bond insurer declined to comment.

MBIA shares closed up 84 cents at $10.36.

Full story at http://www.reuters.com/article/idUSTRE6BS3IO20101229

[camaro77]

Dec. 31 (Bloomberg) -- Corporate bonds capped their best two-year global performance ever as signs of an accelerating U.S. recovery outweighed concern the European Union will fail to contain its fiscal crisis.

Company debt returned 7.1 percent this year, following a record 16.3 percent in 2009, according to Bank of America Merrill Lynch index data. Bonds issued by the neediest borrowers led the rally, with junk-rated debt in the U.S. gaining 15 percent in 2010.

The Federal Reserve's unprecedented efforts to tamp down interest rates spurred record junk-bond sales and coaxed yields for investment-grade corporate bonds to the lowest on record. Pacific Investment Management Co. boosted its U.S. economic growth forecast 1 percentage point to as much as 3.5 percent after President Barack Obama agreed to extend Bush-era tax cuts.

"Corporate balance sheets are exceptionally strong," said Mark Kiesel, the global head of corporate bond portfolio management at Newport Beach, California-based Pimco, manager of the world's biggest bond fund. "That's been the story of 2009 and 2010, the amazing deleveraging of corporate America and the free-cash-flow generation."

The extra-yield investors demand to own speculative-grade debt instead of Treasuries narrowed 107 basis points this year to 532 basis points, following a record 11.73 percentage points of tightening in 2009, Bank of America Merrill Lynch data show.

Substantial Compression

"You've had a pretty substantial spread compression that's gone on now for two years," said Jason Pride, director of investment strategy at Philadelphia-based Glenmede, which oversees $19 billion in assets. "I think it was a justified spread compression and now they've come in to what I consider more reasonable territory."

Elsewhere in credit markets, Bill Gross, manager of the world's largest mutual fund, said investors should avoid dollar- denominated debt; the cost of protecting U.S. corporate debt against default was unchanged; and a third bank withdrew from a lawsuit against MBIA Inc.

Gross, co-chief investment officer of the Newport Beach, California-based Pacific Investment Management, said, "It's a critical strategy going forward to get out of the dollar and into some currency that holds its value" in an interview with Tom Keene on a Bloomberg Television "Surveillance Midday" program that was taped on Dec. 22 and first broadcast today. "I'd suggest Mexico, Brazil or Canada as three examples of countries with good fiscal balance sheets."

Pimco's $250.2 billion Total Return Fund, managed by Gross, has handed investors a gain of about 8.4 percent this year, beating about 75 percent of its peers, according to data compiled by Bloomberg.

Swaps Prices

The Markit CDX North America Investment Grade Index, which investors use to hedge against losses on corporate debt or to speculate on creditworthiness, was unchanged at a mid-price of 85.1 basis points as of 12:02 a.m. in New York, according to index administrator Markit Group Ltd.

The index, which typically rises as investor confidence deteriorates and falls as it improves, has declined from 99.4 basis points on Nov. 30.

Credit-default swaps pay the buyer face value if a borrower fails to meet its obligations, less the value of the defaulted debt. A basis point equals $1,000 annually on a contract protecting $10 million of debt.

MBIA Suit

Royal Bank of Canada is withdrawing from a lawsuit against MBIA Inc. over MBIA's restructuring in 2009, according to a filing today in New York State Supreme Court. Yesterday, JPMorgan Chase & Co. and Barclays Plc withdrew from the suit, which challenged MBIA's plan to separate its municipal bond insurance business from its structured-finance guarantees.

An end to the suit, brought by 18 financial companies, may allow MBIA to resume guaranteeing state and local debt.
.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/01/02/…
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The Standard & Poor's/LSTA US Leveraged Loan 100 Index yesterday rose 0.08 cent to 92.84 cents on the dollar. The index tracks the 100 largest dollar-denominated first-lien leveraged loans, which are rated below Baa3 at Moody's Investors Service or less than BBB- at S&P. The index returned 5.89 percent for the year.

In emerging markets, relative yields fell 6 basis points to 236, according to JPMorgan Chase & Co. index data. They've declined 41 basis points since the end of 2009.

Investment-grade U.S. corporate bonds returned 9 percent this year, beating the global result, Bank of America Merrill Lynch index data show. Airline company bonds returned 15.4 percent globally, making that the best-performing industry in debt markets. Bonds of textile and apparel makers trailed the rest, gaining 0.66 percent.

Improving Fundamentals

"Our view on credit spreads is that fundamentals continue to grind along and improve," said David Tiberii, a money manager who helps oversee $20 billion of investment-grade corporate debt at T. Rowe Price Group Inc. in Baltimore. "Credit spreads should continue to tighten in."

Financial company bonds worldwide climbed 6.75 percent compared with a 7.73 percent rise for industrial businesses.

The year "was a story of very strong appreciation in price for a lot of bond investments," said Rob Williams, director of fixed-income for Charles Schwab Corp., which oversees $1.5 trillion in client assets. "In 2011 we don't expect that to continue, certainly not at the same pace we saw in 2010."

Spreads Narrow

While global corporate bond spreads narrowed for the year, they widened from 142 basis points in April as the burgeoning European deficit crisis prompted investors to demand more yield for buying some euro-denominated government debt.

Moody's cut Ireland's credit rating five levels to Baa1 on Dec. 17 and has said it may downgrade Spain and Greece.

Junk-rated securities returned 15.1 percent worldwide in 2010 after gaining a record 61 percent the previous year, Bank of America Merrill Lynch index data show.

Even as the U.S. and other developed economies are forecast to grow "below potential," junk-rated debt may return about 10 percent next year as spreads contract as much as 150 basis points on "favorable liquidity conditions," Bank of America Merrill Lynch strategists Oleg Melentyev, Jeffrey Rosenberg and Mike Cho wrote in a report.

Near-Zero Rates

Near-zero benchmark interest rates in the U.S. forced debt investors who wanted higher returns to take on more risk, bolstering demand for junk-rated securities.

"Certainly the Fed instigated or promoted this risk- assuming behavior," said Noel Hebert, credit strategist at Mitsubishi UFJ Securities USA in New York. "You had kind of an idealized environment for fixed-income, where the Fed was determined to hold rates down."

Debt issued in January by the finance unit of Dearborn, Michigan-based Ford Motor Co. was the best performing actively traded U.S. corporate issue in 2010, according to data compiled by Bloomberg and Trace.

The $500 million of notes sold at par on Jan. 15 in a reopening of 8.125 percent securities due in January 2020, Bloomberg data show. The debt has risen to 115.5 cents on the dollar, Trace data show.

Ford is rated Ba2 by Moody's, two steps below investment grade, and B+, two levels lower, by S&P, Bloomberg data show.

"Ford has been a big home run," said Kathleen Gaffney, a money manager at Boston-based Loomis Sayles & Co., which has $150 billion in assets including Ford debt. "While it's a very good entry point for equity, I think on a risk-adjusted basis, high-yield is more attractive."

San Diego Gas

Bonds due in 30 years issued by San Diego Gas & Electric on Aug. 23 were the worst-performing actively traded benchmark- sized issue this year, followed by Barclays Plc's 10-year issue on Oct. 6, Bloomberg and Trace data show. The London-based lender's 5.14 percent securities due in October 2020 have fallen from 99.93 cents on the dollar to 89.74 cents on the dollar.

"The British banks have a ton of exposure to Ireland and some of the periphery countries," Mitsubishi's Hebert said in a telephone interview. "You have the austerity measures that are taking hold over there that may curb loan demand."

In 2011, spreads on investment-grade bonds will tighten about 60 basis points as the debt returns about 2.5 percent, Bank of America Merrill Lynch's Rosenberg wrote in a report.

"We maintain our outlook that favorable liquidity conditions will drive high grade credit spreads tighter," Bank of America Merrill Lynch said.

--With assistance from Mary Childs, Sapna Maheshwari, John Detrixhe, Christine Idzelis, Prashant Gopal and Cordell Eddings, in New York. Editors: Mitchell Martin, Richard Bedard

quelle Bloomberg

[camaro77]

Uiiii 13,95% der Tag ist geredet

[Elrond]

Wahnsinns-upmove die letzte Tage ....

[camaro77]

Ich denke Leute die der Führungsspitze von MBI
näher sind wissen bereits mehr und decken sich
ein.
Meine Vermutung ist das gute News in Bezug auf
die Eigenkapitaldecke (besseres Rating),gutes
Quartalergebnis oder verbesserten Auftragsbestand
anstehen.
Konkurrenten gibt es ja kaum noch und somit wird
MBI Gewinner der Krise.

[Elrond]

bei ca 3 USD habe ich mich nicht getraut ... das Teil war mir zu unheimlich ...
da hätte man sich die Taschen voll machen sollen ....

[camaro77]

Antwort auf Beitrag Nr.: 40.792.640 von Elrond am 03.01.11 22:10:02

Bei Kursen zu 3$ war ja noch völlig unklar
ob die überleben,da war das Ding schon sehr
heiss.
Ich habe mit der Aktie schon viel Geld verdient
aber zuletzt den Ausstieg verpasst.
Bin seit Mitte Juli drin und habe ab dann
immer wieder zugekauft,wenn die Aktie die 13$
Marke überwindet kauf ich nochmal nach.

[camaro77]

Antwort auf Beitrag Nr.: 40.792.640 von Elrond am 03.01.11 22:10:02

P.S.Bist aber auch schon ein weilchen
an der Aktie dran?

[rg70]

Hallo zusammen,

ich wollte auch mal was dazu beitragen, da auch ich diese Aktie seit einiger Zeit habe

In dem heutigen Börsenbrief, vom dem guten alten Bernecker, steht :

...Ein Sonderthema werden erneut die Monoliner.

Das ist teilweise etwas umstritten, da die Finanzlage einzelner Staaten, wie Kalifornien und andere in New York sehr kritisch gesehen wird.
Die Versicherer solcher Anleihen stehen damit in einer etwas schwierigen Ausgangslage, obwohl es bis zur Stunde keinen „Insolvenz-Fall“ eines Staates oder einer Stadt gibt.

Die Nr. 1 MBIA steht kurz vor einem neuen Kaufsignal.
Gelingt es, erreicht das weitere Ziel bis zunächst 17 $, vielleicht 18 $.
An die alten Traumkurse von über 60 $ denken wir noch nicht, haben sie aber auf dem Radarschirm! ....

LG

[camaro77]

Danke schön für deinen Beitrag
Wenn wir in Europa schon keinen
Staat pleite gehen lassen dann erst recht
nicht die "Supermacht Amerika" diese blöse
werden die sich nicht geben.
Aber die Lage dieser US Staaten ist wirklich
Ernst und wird ihre Spuren hinterlassen.
Wenn alles bei unserer Aktie halbwegs läuft
und mal wieder ordentliche Gewinne geschrieben
werden schätze ich das für dieses Jahr noch
50 % drin sein dürften.

[camaro77]

Jan. 11 (Bloomberg) -- A New York appeals court dismissed one of two lawsuits against bond insurer MBIA Inc. over the restructuring of the company. MBIA climbed to the highest since September 2008.

The Appellate Division, First Department in Manhattan today granted a motion to dismiss a complaint filed against MBIA that challenged the split of the conglomerate in 2009.

The Armonk, New York-based insurer rose $1.14, or 9.3 percent, to $13.42 as of 11:41 a.m. in New York Stock Exchange composite trading. Earlier, shares traded as much as 10.5 percent higher at $13.57.

The plaintiffs challenged the restructuring, which the state insurance department had approved, saying it amounted to a fraudulent conveyance that left MBIA Insurance undercapitalized and possibly unable to pay out future claims. The trial court denied MBIA’s dismissal motion and the appellate division reversed.

The lawsuit is one of two cases the banks have filed to challenge the split. The second, brought under New York state’s Article 78 statute, has yet to be resolved.

--Editor: David E. Rovella

Quelle Bloomberg

[camaro77]

New York Supreme Court Appellate Division Overturns Lower Court and Grants MBIA’s and National Public Finance Guarantee Corp.’s Motion to Dismiss Bank Group Plenary Action

MBIA Inc. (NYSE: MBI) today announced that the Appellate Division of the New York State Supreme Court has reversed an earlier decision by a lower court and granted MBIA’s motion to dismiss the plenary lawsuit brought by a group of banks challenging the Company’s Transformation. In its decision, the Appellate Division agreed with MBIA’s position that the lawsuit was an improper collateral attack on the New York State Insurance Department’s approval of MBIA’s Transformation. The Court also dismissed all of the other causes of action stated in the banks’ complaint.


"The banks have continuously sought to obstruct National’s goal of providing much needed insurance capacity to the municipal market and to undermine the determinations made by the New York State Insurance Department. So we are gratified by the Appellate Division’s decision and are now looking forward to a prompt resolution of the Article 78 proceeding, in which we fully expect to prevail,” said Jay Brown, MBIA CEO.
Forward-Looking Statements

This release includes statements that are not historical or current facts and are "forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe,” "anticipate,” "project,” "plan,” "expect,” "intend,” "will likely result,” "looking forward” or "will continue,” and similar expressions identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected, including, among other risks, the possibility that the Company will not realize insurance loss recoveries expected in disputes with sellers/servicers of RMBS transactions, the possibility that the Company will experience severe losses or liquidity needs due to increased deterioration in its insurance portfolios; the possibility that loss reserve estimates are not adequate to cover potential claims; the Company’s ability to fully implement its Strategic Plan as outlined in the Company’s most recent Annual Report on Form 10-K; the Company’s ability to favorably resolve regulatory proceedings and litigation claims against the Company and legal actions initiated by the Company in connection with potential insurance loss recoveries; an inability to achieve high, stable credit ratings; and changes in general economic and competitive conditions. These and other factors that could affect financial performance or could cause actual results to differ materially from estimates contained in or underlying the Company’s forward-looking statements are discussed under the "Risk Factors” section in MBIA Inc.’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which may be updated or amended in the Company’s subsequent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only to their respective dates. The Company undertakes no obligation to publicly correct or update any forward-looking statement if it later becomes aware that such result is not likely to be achieved.

Anzeigen von GoogleKostenloses Girokonto
Komfortabler Wechselservice und 50€ Aktivitätsprämie: Bank wechseln!
www.comdirect.de/Bank

MBIA Inc., headquartered in Armonk, New York is a holding company whose subsidiaries provide financial guarantee insurance, fixed-income asset management, and other specialized financial services. The Company services its clients around the globe, with offices in New York, Denver, San Francisco, Paris, London, Madrid and Mexico City. Please visit MBIA's Web site at www.mbia.com.


Quelle Finanzen.net

[camaro77]

WOW die Umsätze in Deutschland sind glaube ich
auf Rekordniveau über 4000 in Frankfurt und 700
in Düsseldorf.

[camaro77]

MBIA (MBI) Showing Bullish Technicals But Could Fall Through $12.67 Support
Posted: Thursday, January 13, 2011 8:55 AM EDT

MBIA Inc. (NYSE: MBI) closed Wednesday's trading session at $13.61. In the past year, the stock has hit a 52-week low of $4.55 and 52-week high of $14.96. MBIA stock has been showing support around $12.67 and resistance in the $14.61 range. Technical indicators for the stock are Bullish and S&P gives MBI a weak 2 STARS (out of 5) sell rating. For a hedged play on this stock, look at the Aug '11 $10.00 covered call for a net debit in the $8.96 area. That is also the break-even stock price for this trade. This covered call has a duration of 219 days, provides 34.17% downside protection and an assigned return rate of 11.61% for an annualized return rate of 19.35% (for comparison purposes only). MBIA does not pay dividends at this time. [ATU-Seven Summits Research]

Quelle Market Intelligence Center

[camaro77]

Mar 2, 2011
8:00 AM ET Q4 2010 Financial Results Conference Call

[camaro77]

So bin mal mit 90% meiner Position raus ausgestopt.
Entweder ich komme billiger wieder rein oder wenn es
mal über 14$ geht also wieder am laufen ist.
Spätestens vor den Q4 Zahlen.

[camaro77]

..The New York Times Co.State of Mexico Transaction Structured by LatAm Capital Advisors Earns Industry Awards
vom 24.01.2011 15:01:00 Uhr
LatAm Capital Advisors, Inc. (LCA), an indirect subsidiary of MBIA Inc. (NYSE: MBI), today announced that an innovative financing for which the company served as structuring agent and financial advisor received a 2010 Emerging Markets Award, Latin America Domestic Currency Bond, from International Financing Review (IFR) and was recognized as Best Structured Financing Deal and Best Financing Innovation of 2010 by Latin Finance magazine.

This transaction for the State of Mexico closed on August 23, 2010 with the sale of debt securities on the Mexican Stock Exchange (Bolsa Mexicana de Valores) by Promotora de Infraestructura Registral (PROIN), a special purpose financing vehicle formed by LCA. Proceeds of the sale are funding the completion of the modernization of the State of Mexico’s systems for the registration of real property and various other public infrastructure projects in the state.

The deal was lauded for its novel structure and achievement of several "firsts.” For example, it is the first time the United States’ Overseas Private Investment Corporation (OPIC), and the Andean Development Corporation (CAF), have provided a guarantee in the Mexican capital markets. The transaction is also Mexico’s first bond issuance that is backed by property registry fees.

The certificates were issued in two separate series that mature in 2030: series A (PROIN 10) for MXN2.765 billion and series B (PROIN 10-2) for MXN1.3 billion. The PROIN 10 certificates are rated ‘mxAAA’, by Standard & Poor’s (S&P), and ‘AAA(mex)’ by Fitch Ratings (Fitch), in each case the highest possible designation for the debt market of Mexico. The PROIN 10-2 certificates are rated ‘mxAA’ by S&P and ‘AA(mex)’ by Fitch.

"We are delighted with the recognition this transaction has earned,” said Eugenio Mendoza, President of LCA. "The collaboration among OPIC, CAF, LCA and the State of Mexico resulted in a deal that was embraced by the local capital markets and will support Mexico’s continued economic development.”

"We at OPIC are delighted to share these awards with our excellent partners in the project: MBIA Inc., its subsidiary LatAm Capital Advisors, the Andean Development Corporation and the State of Mexico. The contributions of each were indispensable to the success of this project,” said OPIC President and CEO Elizabeth Littlefield.

"CAF is interested in participating in this type of transaction because it provides a new mechanism for financing infrastructure in the region, while stimulating the local capital markets,” said Enrique Garcia, President and CEO of the Latin American financial institution. "The joint efforts of the State of Mexico, OPIC, LCA and CAF achieved a successful transaction that offers a new investment alternative in local currency to local investors who generally find limited opportunities for investing in long-term quality assets.”

The certificates constitute obligations of PROIN and are repayable solely from future revenues of the public registry of properties of the State of Mexico, Instituto de la Funcion Registral del Estado de Mexico. The certificates are nonrecourse against PROIN and are not debt obligations of MBIA Inc. or any of its subsidiaries.

LCA provides dedicated advisory services for asset valuation, transactional cash flow modeling, as well as structuring of credit and financing terms in Brazil, Chile, Colombia, Mexico and Peru. For more information, please visit our website at www.latamcapitaladvisors.com.

This news release relates to a completed offering of securities in Mexico, and does not constitute a public offering, nor solicitation or invitation to purchase securities.

Forward-Looking Statements

This release includes statements that are not historical or current facts and are "forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe,” "anticipate,” "project,” "plan,” "expect,” "intend,” "will likely result,” "looking forward” or "will continue,” and similar expressions identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those presently anticipated or projected. These risks and uncertainties could affect financial performance or could cause actual results to differ materially from estimates contained in or underlying MBIA Inc.’s or LCA’s forward-looking statements and are discussed under the "Risk Factors” section in MBIA Inc.’s most recent Annual Report on Form 10-K, which may be updated or amended in the MBIA Inc.’s subsequent filings with the Securities and Exchange Commission. MBIA Inc. and LCA caution readers not to place undue reliance on any such forward-looking statements, which speak only to their respective dates. MBIA Inc. and LCA undertake no obligation to publicly correct or update any forward-looking statement if it later becomes aware that such result is not likely to be achieved.

http://boerse.welt.de/news_detail.asp?pkNewsNr=1164896

[camaro77]

(Updates with comment from MBIA spokesman in 11th paragraph, request for expedited appeal in eighth paragraph.)

Jan. 21 (Bloomberg) -- UBS AG, Bank of America Corp. and more than a dozen other banks appealed to New York’s highest court to reverse a lower court ruling that threw out their lawsuit against MBIA Inc. that challenged its restructuring.

MBIA won dismissal Jan. 11 of a lawsuit by banks including Citibank NA and Royal Bank of Scotland Plc that claimed the bond insurer’s split into two units was intended to defraud policyholders. MBIA climbed to its highest level since September 2008 on news of the dismissal by the state’s Appellate Division.

The banks said in their notice of appeal, filed yesterday in state trial court, that they are challenging “each and every part of the order” by the Appellate Division.

The banks claim the restructuring, approved by New York’s insurance department in 2009, transferred $5 billion in cash and securities out of MBIA’s primary operating unit, MBIA Insurance Corp., to another entity now known as National Public Finance Guarantee Corp., according to the complaint.

The move meant MBIA Insurance wouldn’t be able to meet future obligations to holders of financial-guarantee insurance policies, the banks said.

A five-judge appellate panel dismissed the suit in a 3-2 decision.

Expedited Appeal Request

“We are confident that the Appellate Division’s decision will be affirmed by the Court of Appeals,” Marc Kasowitz, an attorney for MBIA, said in an interview today.

In a letter to the Court of Appeals, Sullivan & Cromwell LLP lawyer Robert Giuffra Jr., who represents the banks, requested an expedited appeal.

“MBIA Insurance’s liquidity is evaporating,” Giuffra wrote, according to a copy of the letter provided by Sullivan & Cromwell at Bloomberg’s request.

The unit paid out more than $4.8 billion in gross loss payments during 2009 and the first three quarters of 2010, while total cash and invested assets declined by $2.1 billion, Giuffra said in the letter. The unit had $795 million of cash and cash equivalents as of Sept. 30, he said, citing a third-quarter 2010 New York Insurance Department statement. MBIA sold its headquarters in March “presumably to raise cash,” he said.

Kevin Brown, a spokesman for MBIA, said in an e-mailed statement, that “the banks have been maintaining that MBIA Insurance Corp. has been on the verge of imminent financial collapse since shortly after our transformation.

‘Meritless’ Argument

“Their argument continues to be meritless, as almost two years later we remain solvent and continue to pay all claims and obligations as they come due,” Brown said. “As of September 30, 2010, MBIA Insurance Corp. had statutory capital of $3.1 billion and a $2.0 billion liquidity position, which includes $844 million of highly liquid assets.”

Kasowitz, the MBIA lawyer, added there was “no valid reason” to expedite the appeal.

“The banks’ proposed schedule is seeking to cut in half the amount of time that the rules provide for appeals to the Court of Appeals,” he said. “There is no reason to depart from those rules and shortcut the briefing on these issues.”

Gary Spencer, a spokesman for the state Court of Appeals, said the court was not averse to granting calendar preference if a party could show “substantive need,” though it had to be balanced with the possible prejudice to the other party.

Spencer said the average period from the filing of notice to putting on the calendar for oral argument is about seven and a half months.

Two Lawsuits

The lawsuit is one of two that banks filed to challenge the split. The second, brought under New York state’s Article 78 statute, which asks the court to review a state administrative decision, has yet to be resolved.

Kasowitz said the Article 78 suit, which has been going on for a year and a half, was “the only proper forum” to challenge the superintendent of insurance’s approval of the restructuring.

The litigation has thwarted MBIA Chief Executive Officer Jay Brown’s efforts to reenter the business of guaranteeing state and municipal government bonds. The insurer was shut out after losing its top rankings in 2008 over losses on subprime mortgage debt it guaranteed. The restructuring in 2009 split the municipal bond policies from its guarantees on mortgage debt and other securities.

Cut Ratings

Standard & Poor’s last month cut its ratings on both insurance units and the holding company because of “significantly higher” projections of potential losses from residential and commercial mortgage debt. S&P downgraded the National Public Finance unit because of the “risk that the two companies could be required to be recombined or that National would be required to bolster MBIA Insurance’s capital,” the analysts said in a Dec. 22 statement

http://www.businessweek.com/news/2011-01-21/ubs-other-banks-…

[camaro77]

Jan. 25 (Bloomberg) -- JPMorgan Chase & Co. demanded that a lender repurchase bad mortgages even as it resisted calls to buy back the loans from bonds created by Bear Stearns Cos., an insurer said in court papers.

“That would be pretty bad” if true, said Joshua Rosner, an analyst at New York-based research firm Graham Fisher & Co. He said such allegations show why “investors and consumers have a right to be distrustful of the banks’ statements.”

Ambac Assurance Corp., the debt guarantor partly seized last year by Wisconsin’s insurance commissioner, made the claim in a proposed amended complaint in its lawsuit against Bear Stearns’s EMC Mortgage unit, now owned by JPMorgan. Ambac, seeking to add a fraud claim to the case, referenced depositions, e-mail and letters in the filing, which was unsealed Jan. 14 in Manhattan federal court.

Mortgage-bond investors and other insurers, including Allstate Corp., Pacific Investment Management Co. and MBIA Inc., have accused loan sellers or bond underwriters of sometimes misrepresenting the quality of the underlying debt enough to trigger contractual or legal provisions requiring repurchases. So-called mortgage putbacks may cost banks and lenders as much as $90 billion, JPMorgan bond analysts said in an October report.

Jennifer Zuccarelli, a spokeswoman for New York-based JPMorgan, declined to comment on the filing, which the company had fought to keep secret. A federal judge must still rule on whether to allow the amended complaint to go forward.

Insured Bonds

Bear Stearns sought on March 11, 2008 -- just weeks before the collapsing company agreed to be bought by JPMorgan -- to have a lender buy back mortgages in bonds insured by Syncora Guarantee Inc., according to the filing. Bear Stearns said the mortgages failed to meet promised standards of quality.

At the same time, Bear Stearns was denying demands from Syncora that it repurchase the loans, even though the insurer cited the same flaws, according to the filing. Bear Stearns had bought the loans and packaged them into bonds to sell to investors.

JPMorgan later maintained “that it is EMC’s position that these breaches materially and adversely affect the value” of the loans, according to the complaint, which cited a June 26, 2008, letter from Alison Malkin, an executive director in JPMorgan’s securities unit, to the lender, a now-closed unit of Capital One Financial Corp.

‘Diametrically Opposing’

“Remarkably, Malkin took diametrically opposing positions in repeatedly refusing to comply with all but 4 percent of Syncora’s repurchase demands,” Ambac said in the proposed amended complaint.

The lawsuit was filed in November 2008. New York-based Ambac Financial Group Inc., Ambac Assurance’s parent, filed for bankruptcy protection last year. Syncora, which was ordered to stop paying claims by New York regulators in 2008, is also suing EMC Mortgage.

On Dec. 16, U.S. Magistrate Judge Theodore Katz issued a report and recommendations to U.S. District Court Judge Richard Berman in New York, who is presiding over the Ambac case. Katz, who is handling pretrial matters, recommended that Ambac be allowed to add a fraudulent-inducement claim against EMC.

EMC’s lawyers on Jan. 14 argued against letting Ambac file the proposed amended complaint. EMC has also asked Katz to reconsider his ruling.

JPMorgan last quarter set aside $1.5 billion in litigation reserves to cover costs related to buying back faulty mortgages. Chief Executive Officer Jamie Dimon said it will take years to resolve the disputes and to determine the ultimate cost to his bank.

‘Ugly Mess’

“It’s going to be a long ugly mess, but it won’t be life- threatening to JPMorgan,” he told analysts on a Jan. 14 conference call.

The bank also ignored the findings of mortgage-review firm Clayton Holdings LLC in abandoning mortgage repurchases that Bear Stearns had been considering in early 2008 stemming from a pool of 596 of loans in bonds guaranteed by Ambac, according to the insurer’s amended complaint.

Clayton found that 56 percent of the loans involved “material” breaches of Bear Stearns’s contractual promises, according to the filing, which cited a copy of a November 2007 document from the review firm to the company.

As Malkin overruled Bear Stearns decisions on which mortgages to repurchase to limit JPMorgan reserve expenses, the portion of those loans that were approved for repurchase fell to 2.2 percent by September 2008, according to the complaint.

Proof that the bank ignored a third-party review is “major, that’s hugely newsworthy,” said Isaac Gradman, a San Francisco-based consultant and formerly a lawyer at Howard Rice Nemerovski Canady Falk & Rabkin.

Both Sides

With the Syncora loans, “if they’re making an argument out of one side of their mouth and a different argument out of the other, that is arguably a breach of an implied covenant of good faith and would be very strong evidence to prove repurchase demands,” he said in a telephone interview. Gradman represented mortgage insurer PMI Group Inc. in a now-settled lawsuit over similar issues against General Electric Co. and its defunct mortgage unit

Ambac also alleges in its proposed complaint that, as early as 2005, Bear Stearns was making a strategy out of earning “double” money on shoddy mortgages. First Bear Stearns sold securities backed by the debt, then forced the mortgage lender that sold it the loans to pay up when they turned delinquent in the first few months or were otherwise proved to have breached originators’ representations, Ambac said.

Bear Stearns generally wouldn’t refund investors with that second pool of money, Ambac said in the filing.

Early Payment

While such so-called early payment defaults may not require repurchases of mortgages out of securities by the issuers of the bonds, because of differences between securitization contracts and those entered into by lenders, Bear Stearns’s policy raised questions at the time, according to the complaint.

External auditor PricewaterhouseCoopers LLP advised Bear Stearns in August 2006 that it needed to review loans that were defaulting or defective to see if their quality breached its obligations and begin the “immediate processing of the buy-out if there is a clear breach in order to match common industry practices, the expectation of investors and to comply” with its mortgage bonds’ contracts, according to the amended complaint.

Its own lawyers by early 2007 were making similar suggestions, according to the complaint.

Securitized Loans

By the end of 2005, Bear Stearns had moved to making sure to securitize home loans before their early payment default periods ended, without informing investors and insurers of the switch, according to the complaint.

Then, if the loans went delinquent or were otherwise found defective, the company would seek settlements from lenders, rather than repurchases, which would have required the cash paid by originators to flow through to the securitization trusts so the debt could be passed back, according to the complaint.

“That is how we pay for the lights,” one employee told another in an Aug. 11, 2005, e-mail cited in Ambac’s filing.

In 2007 and the first quarter of 2008, Bear Stearns resolved repurchase claims to lenders on more than $1.3 billion of mortgages through settlements or for other consideration, according to the complaint, which cited the deposition of an employee. The securities firm received more than $367 million of “economic value,” according to the complaint.

Wells Fargo Suit

Also this month, EMC Mortgage was sued by Wells Fargo & Co., which is acting as the trustee for another set of mortgage bonds, for refusing to turn over documents detailing the quality of loans packaged into those securities.

An investor believes the files show some of the loans should be repurchased, according to the complaint filed Jan. 18 in Delaware Chancery Court in Wilmington. Wells Fargo “has repeatedly requested that EMC provide access to the subject documents,” the San Francisco-based bank said in the complaint.

“EMC has played proverbial ‘rope a dope’ and otherwise continued to drag its feet, and has produced nothing,” according to the complaint.

Washington Mutual Inc., the Seattle-based bank whose assets were mostly acquired by JPMorgan after it failed in 2008, has been another source of litigation. Last September, Deutsche Bank AG, acting as a trustee for bondholders, refiled a lawsuit over allegedly misrepresented loans in $34 billion of WaMu mortgage securities, with $165 billion in original balances.

The suit, filed in federal court in the District of Columbia, included JPMorgan as a defendant after the Federal Deposit Insurance Corp. said that JPMorgan was wrongly claiming its insurance fund had agreed to cover the liabilities, according to the amended complaint.

JPMorgan is balking at turning over loan files to the trustee, according to Deutsche Bank. Either JPMorgan or the FDIC owes investors $6 billion to $10 billion, according to the complaint.

http://www.businessweek.com/news/2011-01-25/ambac-says-jpmor…

[camaro77]

Related News:Law · Insurance .MBIA Opposes Expedited Hearing in Appeal of Bank Suit Challenging Split
By Shannon D. Harrington and Karen Freifeld - Jan 26, 2011 1:40 AM GMT+0100
inShare.0More
Business ExchangeBuzz up!DiggPrint Email .MBIA Inc. said New York’s top court shouldn’t speed up the appeal by banks including Bank of America Corp. and UBS AG of a lower court’s dismissal of their challenge to MBIA’s 2009 restructuring.

The banks asked the court for an expedited hearing last week in their appeal of a Jan. 11 dismissal of the so-called fraudulent conveyance claims, in which they are arguing that the Armonk, New York-based insurer’s split into two units was intended to defraud policyholders.

Robert Giuffra Jr., a lawyer at Sullivan & Cromwell LLP who represents the banks, said his clients need quick resolution in part because the insurer’s financial condition is deteriorating.

“There is no emergency and no need for a preference or an expedited schedule,” Marc Kasowitz, an attorney for MBIA, said in a letter to the Court of Appeals today. “MBIA remains solvent today and continues to pay all of its claims as they come due.”

The banks claim that the split, approved by New York’s insurance department in 2009, transferred $5 billion in cash and securities out of MBIA’s primary operating unit, MBIA Insurance Corp., to another entity, now known as National Public Finance Guarantee Corp., according to the original complaint.

The move meant MBIA Insurance wouldn’t be able to meet future obligations to holders of financial-guarantee insurance policies, the banks said.

3-2 Decision

A five-judge appellate panel dismissed the suit in a 3-2 decision. The lawsuit is one of two that banks filed to challenge the split. The second, brought under New York state’s Article 78 statute, which asks the court to review a state administrative decision, has yet to be resolved.

“MBIA has been saying for months that they want to lift the cloud of this litigation,” Giuffra said in a telephone interview today. “Now suddenly when New York’s highest court is about to consider the merits of the banks’ case, MBIA is suddenly going into slowdown mode.”

The case is ABN Amro Bank NV v. MBIA Inc., 601475-2009, New York state Supreme Court Manhattan).

http://www.bloomberg.com/news/2011-01-25/mbia-opposes-expedi…

[camaro77]

Seit meinem Ausstieg hat die Aktie fast schon 2 Dollar
verloren,das es so schnell bergab geht hätte ich nicht
gedacht.
Vor allen Dingen mit was für einer Geschwindigkeit es runter
geht.
Bei Kursen um 10,xx werde ich vielleicht wieder erste Positionen
aufbauen.

[camaro77]

By Alistair Barr, MarketWatch
SAN FRANCISCO (MarketWatch) — Assured Guaranty Ltd. and MBIA Inc. fell Tuesday on concern new ratings criteria proposed by Standard & Poor’s may lead to downgrades of the bond-insurance companies.

S&P said Monday that it came up with nine categories to consider before deciding on a bond insurer’s rating: industry risk competitive position, management and strategy, enterprise risk management, operating performance, investments, liquidity, capital adequacy and financial flexibility.


Markets Hub: Earnings, ObamaStocks are falling amid a slew of earnings, from Verizon, 3M, DuPont and others, and ahead of Tuesday night’s State of the Union speech, and the Fed's policy meeting.
The ratings agency said it could lower ratings on bond insurers if the proposed criteria are adopted — unless those bond insurers raise more capital or reduce risk.

“In particular, the amount of capital needed to achieve high investment-grade ratings will increase significantly under the proposed criteria because of higher capital charges used in scoring capital adequacy and” a new leverage test, S&P said.

Assured Guaranty shares dropped 6.3% to $15.06 on Tuesday. The stock has slumped more than 20% in the past week.

MBIA shares fell 7.3% to $11.37. The stock has dropped 11% in the past week.

Assured Guaranty /quotes/comstock/13*!ago/quotes/nls/ago (AGO 15.06, -1.01, -6.29%) is one of the few bond insurers to emerge from the global financial crisis relatively intact.

Ambac Financial Group /quotes/comstock/11i!abkfq (ABKFQ 0.20, +0.08, +64.15%) went bankrupt and MBIA’s /quotes/comstock/13*!mbi/quotes/nls/mbi (MBI 11.37, -0.90, -7.33%) new bond insurance unit, National Public Finance Guarantee, is embroiled in litigation.

That left Assured Guaranty as the only company selling new products in its industry last year. Read about the insurer’s predicament here.

Bond insurers agree to pay principal and interest in the event of a default. It was a $2.3 trillion business that offered a credit-rating boost to issuers that didn’t have AAA ratings.

But the business struggles if bond insurers don’t have top AAA ratings to sell.

Assured Guaranty was one of the only bond insurers to have a AAA rating, but S&P downgraded it in October to AA.

http://www.marketwatch.com/story/assured-guaranty-mbia-drop-…

Ich denke hier liegt der Grund für den gestriegen Verlust und nicht
in den streitereien mit den Banken.

[camaro77]

27.01.2011 21:25
NY legislators set hearing on bond insurance fraud
NEW YORK, Jan 27 (Reuters) - New York legislators have set a hearing for mid-February on the relationship between financial companies and bond insurers, and whether the insurers may have been defrauded by banks selling structured financial products.

An aide to Joseph Morelle, chairman of the state Assembly's insurance committee, said on Thursday the hearing would be held in New York City on Feb. 16.

The hearing is to investigate whether any of the insurers were deceived about the quality of the bonds they were insuring. The voluntary invitation list has not been finalized, so it was not clear who would participate, Morelle said.

The bond insurance industry, which once stuck solely to underwriting debt sales by local governments, was decimated by exposure to mortgage-backed securities and other structured products during the financial crisis.

Many insurers ended up in rehabilitation or bankruptcy, and the few left operating have diminished credit ratings and are writing relatively little business.

The two largest bond insurers still operating and seeking new municipal bond business are MBIA Inc and Assured Guaranty Ltd.

(Reporting by Ben Berkowitz) Keywords: INSURANCE/BONDS


http://www.finanznachrichten.de/nachrichten-2011-01/19201724…

[camaro77]

So langsam kann man wieder zukaufen bei Kursen um
7,xx Euro wer hätte gedacht das wir nochmal so günstig
reinkommen.

[camaro77]

Die Aktie ist wieder leicht angesprungen und nachdem ich
mir eine Pos. hingelegt habe kommt die nächste im Bereich
9 Euro hinzu.

[camaro77]

MBIA kaufen
Düsseldorf (aktiencheck.de AG) - Die Experten von "Die Actien-Börse" raten zum Kauf der MBIA-Aktie (ISIN US55262C1009/ WKN 874020).

Anzeigen von GoogleAktienempfehlungen 2011
Kostenlos: Top-Aktien, die 2011 explodieren!
Kapitalmarkt-Trends.de

Im Rahmen der Insolvenz von AMBAC hätten Anleger auch bei MBIA Gewinne mitgenommen. So sei es von 13 auf 9 USD abwärts gegangen.
Im Januar dürfte bezüglich der Aufstockung des Eigenkapitals entscheiden werden, damit das Rating verbessert werde. Dies sei eine Voraussetzung dafür, um als Versicherer für Municipal-Bonds im Geschäft zu bleiben. Denn MBIA sei nach der Pleite von AMBC der mit Abstand führende "Monoliner". MBIA dürfte wohl in 2011 wieder in die Gewinnzone zurückkehren.

Nach Meinung der Experten von "Die Actien-Börse" soll man die Aktie von MBIA um 9/10 USD aufstocken. Das Kursziel sehe man bei 14 USD. Die Volatilität sollte weiter hoch bleiben. (Ausgabe 47 vom 27.11.2010) (29.11.2010/ac/a/a)


Ich habe diese Analyse nochmal eingestellt weil wir uns
genau an dem selben Ausgangspunkt befinden.

http://www.finanzen.net/analyse/MBIA_kaufen-Die_Actien_Boers…

[camaro77]

New York Court Dismisses Bond Insurer MBIA’s Suit Against Merrill
By Jonathan Stempel | February 2, 2011
Email ThisAdd comment
Share 0inShare.1.ArticleComments.A New York state appeals court Tuesday dismissed a lawsuit in which bond insurer MBIA Inc. accused Merrill Lynch & Co. of fraudulently misleading it into providing insurance on $5.7 billion of risky debt.

The ruling is a setback for MBIA, whose 2009 restructuring is also being challenged in the New York courts. It came in one of many cases accusing banks of misleading investors about the safety of complex debt packaged into securities that plunged in value after the credit crisis struck in 2007.

An MBIA spokesman said the company will ask the Court of Appeals, New York’s highest court, to review the case.

MBIA had been the largest U.S. bond insurer before piling up large losses from insuring mortgages and other debt that proved to be toxic. Merrill’s exposure to similar debt led to its January 2009 takeover by Bank of America Corp.

In Tuesday’s ruling, the New York State Appellate Division in Manhattan dismissed the last of six claims brought by Armonk, New York-based MBIA and co-plaintiff LaCrosse Financial Products LLC over transactions dating from 2006 and 2007.

According to court papers, MBIA had provided insurance on credit default swaps that LaCrosse sold Merrill in connection with $5.7 billion of collateralized debt obligations.

The complaint said that while MBIA does not have a direct ownership stake in New York-based LaCrosse, it is consolidated in MBIA’s financial statements on the basis that MBIA guarantees LaCrosse’s obligations under credit default swaps.

The plaintiffs accused Merrill of fraudulently overstating the quality of the underlying securities, including that they were “triple-A” rated, as part of a scheme to “offload billions of dollars” of subprime mortgages and other risky debt.

Merrill countered that the plaintiffs suffered from a ”classic case of buyer’s remorse” and should not recover.

A lower court judge last April dismissed the plaintiffs’ case apart from a breach of contract claim.

But in Tuesday’s ruling, a five-justice appeals court panel unanimously dismissed that claim as well.

The panel said the plaintiffs’ “level of sophistication,” together with “specific disclaimers in the contracts” did not excuse their having failed to uncover the risks sooner.

It also said Merrill fulfilled its obligation to provide ”triple-A”-rated securities, even if some of them may have been downgraded later.

Kevin Brown, the MBIA spokesman, said the case remains ”important as part of the industry-wide effort to address the improper behavior of certain market participants.”

Bank of America spokesman Bill Halldin said the Charlotte, North Carolina-based bank is pleased with the ruling, which is ”consistent with our view that MBIA never had a valid claim.”

MBIA’s 2009 restructuring overseen by New York’s insurance superintendent at the time, Eric Dinallo, split its municipal bond business from its structured finance operations.

A group of banks challenged the split, saying it left the company’s insurance unit undercapitalized and unable to pay out on their claims. New York’s highest court, the Court of Appeals, will consider some of the banks’ arguments this year.

The case is MBIA Insurance Corp. et al v. Merrill Lynch et al, New York State Appellate Division, 1st Department, No. 4163.

http://www.insurancejournal.com/news/east/2011/02/02/183015.…

[camaro77]

Investors Wager on Insurer’s Survival
February 14, 2011, 4:44 PM EST
More From Businessweek
Feb. 14 (Bloomberg) -- The cost to protect against a default by the MBIA Inc. insurance unit that guaranteed some of Wall Street’s most toxic mortgage debt is plunging as investors wager the insurer will survive.

Swaps traders are speculating that banks are overpaying for default protection as MBIA, based in Armonk, New York, seeks to compel banks to repurchase faulty loans and settles guarantees it made on subprime mortgage-linked securities. Morgan Stanley reported $535 million in losses in the last two quarters from the cost of bond-insurer hedges, including MBIA.

Credit-default swaps that guarantee against an MBIA Insurance Corp. default for five years dropped 8 percentage points since Feb. 3 to 45 percentage points upfront as of 4:27 p.m. in New York, according to broker Phoenix Partners Group. The cost, which is in addition to 5 percentage points a year, means traders would pay $4.5 million upfront and $500,000 a year, to protect $10 million of MBIA-guaranteed debt for five years.

“A large proportion of the spread for MBIA Insurance Corp. has always been explained by hedging,” said Robert Haines, an analyst at CreditSights Inc. in New York. “It’s one of the reasons why the spreads have over the past several years traded so wide.”

Banks and other institutions that use the swaps to protect themselves against an MBIA failure were paying prices on Feb. 3 that implied a 91 percent chance the bond insurer would fail before March 2016, according to a standard pricing model used by credit swaps traders. The calculation assumes investors would recover 30 percent on the underlying bonds if there were a default. That probability, which was 99 percent in July, has dropped to about 83 percent, the swaps show.

Fed Warned

The contracts also fell after the Federal Reserve last month warned U.S. banks that misusing “high-cost credit protection transactions” may hurt a firm’s supervisory ratings and limit its ability to pay dividends and make acquisitions. The Fed didn’t specify the types of transactions it was referring to in the Jan. 25 letter to officers at the 12 regional Fed banks.

Morgan Stanley said last month it lost $263 million in the fourth quarter as the cost of credit protection for bond insurers fell. The company reported losses of $272 million in the prior period ended Sept. 30, attributing them in part to “the tightening of MBIA’s credit spreads.”

“It was costly to hedge this quarter,” Ruth Porat, New York-based Morgan Stanley’s chief financial officer, told analysts on a Jan. 20 conference call. “You may continue to see a drag depending on market direction.”

‘Getting Better’

The cost to protect the debt of companies generally has been falling, with a benchmark credit-default swaps index reaching the lowest in more than a year on Feb. 8.

The Markit CDX North America Investment Grade Index, which investors use to hedge against losses on corporate debt or to speculate on creditworthiness, rose 0.5 basis point to a mid- price of 80.6 basis points today as of 4:34 p.m. in New York, according to index administrator Markit Group Ltd.

Credit swaps, which typically rise as investor confidence deteriorates and fall as it improves, pay the buyer face value if a borrower fails to meet its obligations, less the value of the defaulted debt.

“The world getting better is a good thing for someone like MBIA that has billions and billions of legacy risk,” said Jonathan Hatcher, a credit strategist at Jefferies Group Inc. in New York who covers financial companies. “If the world is incrementally improving, they should outperform.”

Highest Ratings

Mark Lake, a spokesman for Morgan Stanley in New York, declined to comment. Kevin Brown, a spokesman for MBIA, declined to comment on the movement in the cost of the company’s swaps.

MBIA Insurance, which once carried the highest ratings from credit rankings firms, was cut below investment grade in 2009 by Standard & Poor’s and Moody’s Investors Service because of losses from its guarantees of subprime mortgage debt.

Chief Executive Officer Jay Brown, seeking to reenter the business of backing state and municipal bonds, won approval by regulators the same year to split the insurer and move the municipal bond policies into a new unit while leaving the guarantees on mortgage debt and other securities at MBIA Insurance.

Brown has been settling MBIA’s guarantees on mortgage- linked debt with the banks and is seeking to compel the firms to buy back faulty loans. Brown told analysts in November that the company settled $4.4 billion of guarantees on mortgage-linked debt for about $70 million last year and expected to have more deals to announce when it discusses fourth-quarter earnings next month.

Court Victory

MBIA also won a court victory in December when Bank of America Corp. was unable to prevent the insurer from using statistical sampling in pursuing demands for mortgage repurchases. In the suit, MBIA claimed the Charlotte, North Carolina-based bank fraudulently induced it to insure $21 billion in mortgage-backed securities.

MBIA Insurance was backing about $208 billion of debt at the end of September. Most of that guaranteed structured securities tied to residential or commercial mortgage debt or corporate bonds, according to a report on the company’s website.

“There’s certainly been some incremental positive news,” CreditSights’ Haines said. “But the company’s not out of the woods yet. What’s going to be very important is the trend in paid losses for” residential mortgage-backed securities, he said. “Cash is a real concern for the company.”

S&P in December cut its ratings on both insurance units and the holding company because of “significantly higher” projections of potential losses from residential and commercial mortgage debt.

Banks and a group of investors also are challenging the 2009 split, saying it was intended to defraud policyholders.

http://www.businessweek.com/news/2011-02-14/mbia-default-swa…

[camaro77]

MBIA Inc. Investor Conference Call to Discuss Fourth Quarter and Full Year 2010 Financial Results Scheduled for Wednesday, March 2, at 8:00 A.M. Eastern Time

MBIA Inc. (NYSE: MBI) will host a webcast and conference call for investors on Wednesday, March 2, at 8:00 a.m. (EST) to discuss its fourth quarter and full year 2010 financial results and other issues related to the Company. The dial-in number for the call is [phone] [phone] in the U.S. and [phone] [phone] from outside the U.S. The conference call code is 38143671.

http://www.finanzen.net/nachricht/MBIA-Inc-Investor-Conferen…

[camaro77]

Von meinem letzten Kauf schon wieder über 1$ zugelegt
ich habe jetzt noch mal was draufgepackt weil ich glaube
das die Zahlen überraschen werden und die Aktie bis 14$
steigen kann.
Und immer schön den Stop nachziehen

[camaro77]

Über 12$ geschlossen fein

[Elch_007]

Ich bin mal mit ner "kleinen" Posi dabei.
http://www.finviz.com/quote.ashx?t=mbi&ty=c&ta=1&p=d

[camaro77]

Antwort auf Beitrag Nr.: 41.094.957 von Elch_007 am 23.02.11 20:00:30

Kann nicht schaden mit dem Rücksetzer hatte ich nicht gerechnet
ist aber eine gute chance zum Einstieg.
Das Dreieck im Chart gefällt mir hoffen wir das es in die richtige
Richtung ausbricht

[camaro77]

Bond insurer MBIA Inc. said Tuesday that it posted a fourth-quarter profit, but only as a result of $1.1 billion one-time gain on its insured derivatives.

For the final three months of the year, the company recorded net income of $451 million, or $2.24 per share. That's compared with a net loss of $240 million, or $1.16 per share, in the year-ago period.

The results in the latest quarter were driven by a $1.1 billion unrealized net gain on the fair value of insured derivatives that resulted from the reversal of the mark-to-market on commuted transactions. Not including that gain, the net loss for the quarter was $310.9 million.

The company also noted it reached agreements with five companies to make one-time payments to eliminate a total of $15.7 billion of insured exposure during the quarter. Another $3.3 billion in exposure has been extinguished through similar deals in 2011's first quarter.

As an insurer of municipal bonds, MBIA was hammered as the financial markets deteriorated in 2007 and its risk of payment defaults increased. The company's liability increased under its structured finance policies, which included mortgage-backed securities. The value of those securities sank as the housing market collapsed.

MBIA stopped writing insurance on those kinds of structured securities in 2008.

For the fourth quarter, MBIA said total premiums earned slipped to $144.5 million, down from $158.5 million in the year ago period. Net investment income was $115.4 million, down from $122.6 million. Fees and reimbursements were $11.6 million, down from $90.2 million.

Shares of MBIA slipped 36 cents, or 3.2 percent, to $10.69 in after-hours trading, after closing down 16 cents at $11.05



http://www.businessweek.com/ap/financialnews/D9LMS5000.htm

Schade ein bischen schlechter als erwartet und ab in den Keller.
Für mich heist das abwarten bis sich der Kurs beruhigt und dann lege ich
was nach.

[camaro77]

02.03.2011, 00:52 UhrAnzeige
Quelle: dapdBangalore. Der größte US-Anleihenversicherer MBIA schreibt wieder schwarze Zahlen und überrascht damit Analysten.

Wie das Unternehmen am Dienstag nach Börsenschluss mitteilte, betrug der Nettogewinn im vierten Quartal 451 Millionen Dollar nach einem Verlust von 240 Millionen Dollar zum Vorjahr.

Je Aktie ergab dies einen Gewinn von 2,24 Dollar. Analysten hatten durchschnittlich mit einem Verlust je Aktie von 27 Cent gerechnet.

Als Grund für das unerwartet gute Ergebnis führte MBIA einen starken Anstieg bei versicherten Derivaten an.

Reuters
.


http://www.handelsblatt.com/unternehmen/versicherungen/mbia-…


ÄÄÄÄHHH wohl eher sell on good News

[camaro77]

und noch einer


MBIA Reports Q4 Results (MBI)
Written on Tue, 03/01/2011 - 4:44pmBy SmarTrend Staff
MBIA Inc. (NYSE:MBI) reported net income available to common shareholders of $451 million, or $2.24 per share, which may not be comparable with the consensus estimate for a loss of $0.27 per share. Adjusted Book Value was recorded at $36.81 per share as of December 31, 2010, down from $38.94 per share on December 31, 2009.
The bond insurer also reported an adjusted pre-tax loss of $311 million in the latest quarter, versus an adjusted pre-tax loss of $541 million in the fourth quarter of 2009.
"The fourth quarter and full year 2010 represented the thirteenth quarter and fourth year, respectively, in which our company's results reflected the impact of having insured securitizations primarily consisting of ineligible mortgages," said MBIA Inc. President and CFO Chuck Chaplin. "Since 2007, we have paid $9.1 billion in gross claims on mortgage securitizations, CDOs and other transactions, demonstrating the value of bond insurance to investors. Investors in uninsured securities in the same general asset classes have sustained substantial cash losses, while those who hold securities wrapped by MBIA Corp. and National Public Finance Guarantee Corp. haven't suffered a single dollar of loss. This fact provides simple and obvious evidence for the value in uncertain times of the bond insurance we provided."
MBIA has a potential upside of 62.9% based on a current price of $11.05 and an average consensus analyst price target of $18.
MBIA is currently above its 200-day moving average (MA) of $9.71 and should find resistance at its 50-day MA of $11.46.
In the last five trading sessions, the 50-day MA has climbed 0.56% while the 200-day MA has risen 0.37%.


http://www.mysmartrend.com/news-briefs/news-watch/mbia-repor…
MBIA Inc. provides financial guarantee insurance and other forms of credit protection. The Company also offers investment management services to public finance and structured finance issuers, investors and capital market participants.

[rg70]

Browse Analyst Notes by Company :

Bond insurer MBIA MBI reported a $311 million pretax operating loss in the fourth quarter, an improvement from last year's quarterly loss of $541 million. On a GAAP accounting basis, MBIA showed a profit, the result of $1.1 billion pretax unrealized net gain on the fair value of insured derivatives due to mark-to-market accounting reversals on commuted transactions. Book value per share ended the year at $14.18, an increase on both a sequential and year-over-year basis. In the fourth quarter, MBIA made progress in agreeing with five of its counterparties to commute $15.7 in gross insured exposures in exchange for a one-time payment. However, the firm also increased its expectations of losses on insured exposures in the structured and international segments of its business as early-stage delinquencies in residential mortgage-backed securities did not decline as much as expected in the quarter. The company offset some of this by increasing its expected recoveries from what it deems to be ineligible mortgages, or putbacks.
There were numerous other events in the quarter, some positive and others negative, mainly related to legal actions, but in the end we think the future of MBIA comes down to two factors. First, MBIA needs to be able to write new municipal bond insurance in its National Public Finance subsidiary, which has been on hold since its formation. After MBIA lost its ability to write new insurance as a result of rating agency actions, it formed this subsidiary in a good bank/bad bank scenario, but policyholders filed suit to block the restructuring, claiming it diminished assets backing their claims in the structured finance company. While a couple of the original litigants have quit the lawsuit there are still 11 others, including several large national banks, pursuing the action. Second, we think the success of MBIA's legal pursuit for reimbursement of paid claims against entities it believes misrepresented the terms of mortgage originations that the firm insured, or putbacks, is crucial to the financial health of the bond insurer. As both of these actions will ultimately be determined by courts, we continue to believe that MBIA is an extremely risky investment. Our fair value estimate is unchanged.

http://quicktake.morningstar.com/StockNet/san.aspx?id=372461…

[camaro77]

Trading Idea - MBIA Breaking Down?
Written by Danny Miller
Thursday, 03 March 2011 09:20
New York, March 3rd (TradersHuddle.com) - Shares of MBIA Inc. (NYSE:MBI) closed the trading session at $10.52 below calculated support at $10.62 breaking the stock technically, raising concerns by investors, as the move might trigger more selling.

MBIA Inc. (NYSE:MBI) provides financial guarantee insurance and other forms of credit protection. The Company also offers investment management services to public finance and structured finance issuers, investors and capital market participants.

MBIA's stock was trading in a well defined range with support at $10.62 and resistance at $11.51; given that this range was broken traders will be closely monitoring the stock's price action for clues of direction.

From a technical perspective it can be expected that previous support becomes resistance, as the new range gets defined, however, given that MBIA's stock is still near the broken support, traders will be focusing on $10.62 to see if the stock can bounce back and return to its previous range.

Traders wanting to establish a short position in MBIA can do so if the stock breaks the intraday low, or if the stock bounces back and selling materializes again at previous support of $10.62. For traders wanting to establish a long position, wait for price action to take the stock back to calculated support, which will provide a best entry point to build the position.


http://www.tradershuddle.com/Trading-Ideas/17795203032011-tr…

[camaro77]

MBIA Misses EstimatesBy: Zacks Equity Research
March 03, 2011 |
MBI Print Share MBIA Inc. (MBI - Analyst Report) reported fourth quarter operating loss of $311 million or $1.56 per share, which was much below the Zacks Consensus Estimate of a loss of 23 cents per share. Results, however, compared favorably with a loss of $541 million or $2.60 per share in the prior-year period.

Total revenue of $863.9 million was up 32% year over year due to higher unrealized gains on insured derivatives, higher net gains on financial instruments and foreign exchange.

Premiums earned during the quarter increased 8.8% year over year to $144.5 million while net investment income fell 6.5% to $115.4 million.

Segmental Performance

U.S. Public Finance Insurance is carried out by its subsidiary, National Public Finance, which was set up 18 months ago to write only U.S. Public Finance. However, the unit is facing legal action, the outcome of which has prevented rating agencies (S&P and Moody’s) to confer strong ratings on the company, considered vital for the bond insurance business.

Therefore, National Public Finance virtually wrote no new business. The scheduled net premiums earned were $112 million, down 18% year over year. Adjusted pre-tax income was $103 million, down 45%, led by increased loss and loss adjustment expenses as well as declines in premiums earned, fees and reimbursements and net investment income. Investment income was $54 million; 17% lower than $61 million last year due to lower investment yields.

Structured Finance and International Insurance business is carried out by MBIA Corp. While there was no new business written in this segment, the existing book of business generated $56 million in scheduled premiums earned during the quarter, which was up 14% year over year. Adjusted pre-tax loss was $487 million compared with an adjusted pre-tax loss of $766 million in the fourth quarter of 2009.

Advisory Services is carried out by Cutwater Asset Management. This segment earned fees and reimbursements of $17.6 million up 14% year over year. The assets under management were $41.6 million at the end of December 31, 2010, down 4% year over year. However, the segment recorded a pre-tax loss of $300,000 compared with pre-tax profit of $477,000 in the prior-year quarter.

The Corporate segment had a pretax income of $34 million in the quarter compared with $35 million in the year-ago quarter.

The Wind down operations had adjusted a pre-tax income of $42 million, compared with pre-tax income of $5 million in the prior-year period, driven by a $62 million net gain on financial instruments at fair value and foreign exchange resulting primarily from increased values of interest rate swaps not designated as hedges.

Adjusted book value (a non-GAAP measure) was up to $36.81 per share as of December 31, 2010, down from $38.94 as of December 31, 2009.

The stock maintains a Zacks #3 Rank, which translates into Hold recommendation over the short term. Further, over the long term (6+ months) we are maintaining a Neutral recommendation on the shares


http://www.zacks.com/stock/news/48451/MBIA+Misses+Estimates

[camaro77]

So langsam erholt sich der Kurs wieder,der zuvorrige Rückgang kam
für mich überraschend und ich kam aus meiner Tradingposition nicht
heraus schade da wären ein Paar Dollars mehr drin gewesen.

[camaro77]

Join TD Ameritrade + start trading today. MBIA near Support
Written by Christian Paolinetti
Friday, 11 March 2011 08:40
New York, March 11th (TradersHuddle.com) - Shares of MBIA Inc. (NYSE:MBI) are trading very close to calculated support at $10.16 with current price action closing at just $10.30 places the stock price near levels where traders will start paying attention.

MBIA Inc. (NYSE:MBI) provides financial guarantee insurance and other forms of credit protection. The Company also offers investment management services to public finance and structured finance issuers, investors and capital market participants.

MBIA's current stock range is defined by current calculated support defined at $10.16 and by the resistance level at $11.47, which should be used by traders planning their trades.

Traders wanting to establish a position should place close attention to MBIA's price action, and establish a position as close to support as possible, but only after buying materializes. Traders should understand that the resistance point at $11.47 might limit their upside, however if the stock breaks resistance, it could be a good point to add to the position.
http://www.tradershuddle.com/Trading-Ideas/18308603112011-mb…

Der Tsunami wird die Unterstützung wegspülen ich hoffe wir kommen
schnell wieder zurück ich werde mal halten weil die Position im Moment nicht so
groß ist.

[camaro77]

[lafabius]

kein Boden in Sicht...

[camaro77]

Bei 9$ könnte derBoden gewesen sein letztes Jahr im August
ist es von diesem Niveau auf 14$ gegangen.
Würde ich mir auch jetzt wünschen werde dann meine Positionen
beim überschreiten jeder Dollarmarke aufstocken und enge
Stopps setzen.

Grüsse aus Lingurien

[camaro77]

Lange nichts mehr geschrieben wir haben jetzt 40% verloren seit dem letzten Hoch und viele Zockerboards raten zum Einstieg da wir jetzt
bei einer starken Unterstützung angekommen sind.
Sorge macht mir das die UBS und andere weiter Klagen wollen obwohl sie in erster Instanz abgewisen wurden
Ich werde mal ein Auge riskieren wie sich es weiterentwickelt bin ja noch mit einer kleinen Posi dabei.

[camaro77]

Heute geht es ja ab und ich kann die Meldungen nicht lesen
mein English reicht nicht und Bing und Google helfen auch nicht.
Hier mal was älteres:
Empfehlungen 13.06., 10:03 DIE ACTIEN-BÖRSE
MBIA wichtig für die massive Finanzsanierung der Länder und Gemeinden


Düsseldorf (aktiencheck.de AG) - Die Experten von "Die Actien-Börse" halten die MBIA-Aktie (ISIN US55262C1009/ WKN 874020) für ein aussichtsreiches Investment.

Zu Beginn des Jahres habe eine bekannte Analystin in New York die zweite amerikanische Finanzkrise in Aussicht gestellt. Ihrer Meinung nach, hätten mehrere große amerikanische Städte in Kürze vor einer Insolvenz gestanden. Alle damit befassten Institute seien in Mitleidenschaft gezogen worden. Doch die Einschätzung der Analystin habe sich als falsch herausgestellt und lediglich zwei Städte hätten ihren Verpflichtungen nicht nachkommen können. Inzwischen habe sie ihre Meinung revidiert.

Vor diesem Hintergrund würden die Experten zum zweiten Mal die Versicherer von kommunalen Anleihen betrachten. MBIA sei der führende Versicherer für diesen Bereich und sei nur mühsam über diese Marktkonstellation hinweg gekommen.

Für dieses Jahr werde noch ein Verlust von 1,65 USD je Aktie erwartet, doch für 2012 werde dann schon wieder ein Gewinn in Höhe von 1,50 USD prognostiziert. Daraus lasse sich ein KGV um 5 bis 6 ableiten.

Unterstelle man, dass weitere Überraschungen im amerikanischen Finanzgeschäft nicht unmöglich seien, reiche das Restrisiko bis 6 USD. Um 8/8,50 USD liege die erste Kaufbasis und sollte der Kurs nochmal abfallen, entstünde bei 6/6,50 USD die zweite Möglichkeit.

Länder und Gemeinden stünden mitten in einer massiven Sanierung ihrer Finanzen, wobei Municipal-Bonds ein wichtiges Anlageinstrument der privaten und staatlichen Vorsorgeeinrichtungen seien, wofür wiederum die Versicherung von z. B. MBIA nötig sei. Darin liege die Perspektive für MBIA, die man vorerst nur schätzen könne, die jedoch erheblich sei.

Die Experten von "Die Actien-Börse" halten die MBIA-Aktie für ein aussichtsreiches Investment. (Ausgabe
http://www.onvista.de/analysen/empfehlungen/artikel/13.06.20…

[camaro77]

Verstehe ich das richtig die Banken dürfen klagen und
wiso steigt die Aktie dann über 10%.

New York Court Permits Banks to Sue MBIA

By BLOOMBERG NEWS


UBS, Bank of America and about a dozen other banks won reinstatement of a lawsuit against MBIA challenging the 2009 revamping of its insurance unit that guaranteed bad debt.
The state Court of Appeals in Albany, New York’s highest court, announced its decision Tuesday, overturning a lower court ruling.

A state appellate court in January dismissed the suit by the banks, which claimed the bond insurer’s overhaul had been intended to defraud policyholders. The banks claim the revamping was a “fraudulent conveyance” that left MBIA undercapitalized and possibly unable to pay future claims.

The Court of Appeals decision, in a 5-to-2 vote, turned on whether approval of the split by the state insurance superintendent had precluded the bank policyholders’ claims.

“We hold that the superintendent’s approval of such restructuring pursuant to its authority under the Insurance Law does not bar the policyholders from bringing these claims,” Judge Carmen Beauchamp Ciparick wrote for the majority.

The decision restored the banks’ claims of fraudulent conveyance, breach of contract and abuse of the corporate form. The court agreed with the lower court that a claim for unjust enrichment should be dismissed.

The banks said in court filings that the split had transferred $5 billion in cash and securities out of MBIA’s primary operating unit, the MBIA Insurance Corporation, to another entity, now known as the National Public Finance Guarantee Corporation.

The insurer argued that the restructuring had been done to help unfreeze the public finance markets during the financial crisis and had been approved by state regulators after an extensive review that found MBIA Insurance would remain solvent and have sufficient resources to meet claims, according to a brief filed in April with the Albany court.
http://www.nytimes.com/2011/06/29/business/29mbia.html?partn…

[camaro77]

Einen schönen Anstieg hat die Geschichte ja gebracht schauen
wir mal ob es hält.

MBIA Shares Popped: What You Need to Know

By Anders Bylund | More Articles
June 29, 2011 | Comments (0)


Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of finance insurance provider MBIA (NYSE: MBI ) hit a big payout today, jumping as high as 12.6% on moderately heavy trading.

So what: MBIA shareholders can thank Bank of America (NYSE: BAC ) for this pop, because the giant bank struggling out of $8.5 billion of bad debt today is the force behind it. That drastic move significantly reduced MBIA's insurance risk on many of the assets involved. The event also pushed up rivals Assured Guaranty (NYSE: AGO ) and Radian Group (NYSE: RDN ) to a smaller degree.

Now what: This doesn't necessarily make MBIA a great buy today. The stock has actually only gained 4% since Monday night, for the New York Court of Appeals revived a stalled lawsuit by a consortium of 11 banks against the company -- including today's savior, Bank of America. MBIA could still be on the hook for truly massive damages, both in court and in the regular course of business, making it easy to see why the stock rates a single, lonely star (out of five) in our CAPS system.

Interested in more info on MBIA? Add it to your watchlist.




Interested in other big moves? Enter your email to get the most interesting 10% movers sent directly to your inbox -- every day.
http://www.fool.com/investing/general/2011/06/29/mbia-shares…

[camaro77]

Nettes Sümmchen



NEW YORK, June 30 (Reuters) - MBIA Inc (MBI.N) may pursue a lawsuit accusing Bank of America Corp's (BAC.N) Countrywide Financial unit of fraudulently misleading it about mortgage securities it insured, costing at least $1.4 billion.

A New York state appeals court in Manhattan agreed with a lower court that MBIA stated a claim for fraud, but that its claim against Countrywide for negligent misrepresentation should be dismissed.

The appeals court also reversed the lower court by throwing out MBIA's bad faith claim against Countrywide.

Thursday's ruling came one day after Bank of America, which bought Countrywide for $2.5 billion on July 1, 2008, said it would take more than $20 billion of mortgage-related charges, including to settle disputes and litigation with bond investors and to buy back troubled loans. [ID:nL3E7HT1RJ]

It also came two days after New York's highest court, the Court of Appeals, said Bank of America and 10 other financial companies may pursue a lawsuit challenging the state's 2009 restructuring of MBIA, once the nation's largest bond insurer. These companies said the restructuring siphoned $5 billion from its MBIA Insurance unit at their expense. [ID:nN1E75R0DN]

In Thursday's unanimous ruling, the Appellate Division said MBIA could proceed with its claim that between 2004 and 2007, Countrywide fraudulently induced it to insure 15 securitizations, each typically with one or two pools of between 8,000 and 48,000 home equity lines of credit or second mortgages.

MBIA alleged that Countrywide falsely represented that the loans were properly underwritten, having in fact lent to borrowers who could not afford the loans or committed fraud. The insurer said it had paid $1.4 billion on its guarantees as of August 2009, and could owe hundreds of millions of dollars more.

The fraud claim "lists 4,689 loans that allegedly failed to comply with Countrywide's underwriting guidelines, specifies that the defective loans had debt-to-income ratios or combined loan-to-value ratios exceeding maximum guideline levels and alleges that the loans were approved on the basis of unverified borrower-stated income that was patently unreasonable," Justice Roslyn Richter wrote. "These allegations are sufficient."

Bank of America spokeswoman Shirley Norton said the Charlotte, North Carolina-based bank is pleased that the negligent misrepresentation and bad faith claims were dismissed.

"We continue to believe MBIA is a sophisticated counterparty that cannot sustain a fraud claim," she added.

MBIA spokesman Kevin Brown said the Armonk, New York-based company is pleased it can pursue the fraud claim, given "the growing public recognition of the fraud and misrepresentations perpetrated by Countrywide and other industry participants."

The case is MBIA Insurance Corp. v. Countrywide Home Loans Inc et al, New York State Supreme Court, Appellate Division, 1st Dep't, No. 4636A. (Editing by Robert MacMillan)
http://www.reuters.com/article/2011/06/30/bankofamerica-coun…

[camaro77]

Von 5,4 Euro auf 6,40 Euro in 10 Tagen das kann sich sehen lassen
ich bin jetzt seit langem mal wieder ein bischen im Plus.
Wenn wir Morgen grüne Vorzeichen sehen werde ich wohl aufstocken.

MBIA has the Best Relative Performance in the Property & Casualty Insurance Industry (MBI, FNF, ORI, AHL, AWH)




Written on Thu, 07/07/2011 - 6:48am

By Amanda Smith

Below are the top five companies in the Property & Casualty Insurance industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform.
MBIA (NYSE:MBI) ranks first with a gain of 4.04%; Fidelity National Financial (NYSE:FNF) ranks second with a gain of 1.9%; and Old Republic International (NYSE:ORI) ranks third with a gain of 1.44%.
Aspen Insurance (NYSE:AHL) follows with a gain of 1.2% and Allied World Assurance (NYSE:AWH) rounds out the top five with a gain of 1.04%.
SmarTrend currently has shares of MBIA in an Downtrend and issued the Downtrend alert on March 11, 2011 at $10.21. The stock has fallen
smarttrend

[camaro77]

So langsam fällt einer nach dem anderen um weil sie merken
das sie die Klagen verlieren werden.
Mir gefällt es und am Kurs kann man sehen das ich nicht der
einzige bin

Bank of America einigt sich auch mit MBIA im Hypothekenstreit

NEW YORK (Dow Jones)--Die Bank of America Corp hat sich im Streit um hypothekenbesicherte Wertpapiere mit einem weiteren Kläger geeinigt. Einer Eingabe bei einem New Yorker Gericht zufolge hat die MBIA Inc ihre Klage gegen die BofA und Merrill Lynch über hypothekenbesicherte Wertpapiere im Wert von 5,7 Mrd USD fallen gelassen. Die Parteien würden für die jeweils entstandenen Kosten des Falls alleine aufkommen.

MBIA hatte Merrill Lynch im April 2009 verklagt, nachdem die Bank of America den Kauf der Investmentbank abgeschlossen hatte. MBIA hatte dem Institut vorgeworfen, falsche Angaben über die hypothekenbesicherten Wertpapiere (Mortgage-backed Securities, MBS) gemacht zu haben.

Die US-Großbank Bank of America hatte erst Ende Juni einen ähnlichen Streit mit einer Gruppe Investoren gegen eine Zahlung von 8,5 Mrd USD beigelegt.
- Von David Benoit, Dow Jones Newswires; [phone], [e-mail] DJG/DJN/kla/cbr
(END) Dow Jones Newswires

July 12, 2011 11:45 ET (15:45 GMT)
http://www.finanznachrichten.de/nachrichten-2011-07/20769936…

[camaro77]

14,96 wir kommen wieder!

Options Strategy: Risk Reversal on MBIA
July 13, 2011
Shares of bond insurer MBIA (MBI) surged Tuesday on speculation of an upcoming settlement with Bank of America (BAC), closing at $9.04, up 6.86% on the day. The situation is covered very clearly in an article on Bloomberg Businessweek, and rather than rehash that information, this article presents a speculative options strategy intended to capitalize on a potential gap upward on news of an agreement. The strategy can best be described as a ratio risk reversal.

How Big Is the Potential Move?

The probable size of the gap can be appreciated by looking at MBI's chart action in the wake of two prior news items involving the settlement of differences between monolines and banks. The first of these occurred in late December 2010, when JP Morgan (JPM) and Barclays (BCS) withdrew from litigation opposing MBIA's transformation. The shares made a move from the $10 area to as high as $14.96, within a very short period of time.

The second occurred in mid April this year, on news of Assured Guaranty's (AGO) $1.6 billion settlement with BofA. MBI rallied approximately $2 on the news. Here's the chart (click to enlarge image):



A settlement might be as large as $2 or $3 billion, and would render questions about MBIA's capital adequacy and transformation moot. I would guess that the potential move might be as large as $5, within a very short time frame.

The Trade

Sell to open 10 MBI Jul 16 2011 9.0 puts @ $0.29

Buy to open 40 MBI Jul 16 2011 11.0 calls @ $0.06

Prices shown are mid bid/ask as of Tuesday's close, rounded against the investor. The position has a low out of pocket cost, and can be entered for a net credit of $50.00, disregarding commissions. The investor will need sufficient cash or marginable securities to support the put obligation.

If shares expire between the two strikes, all options expire worthless, and the investor retains the $50.00 credit, less commissions. If shares are below $9.00 at expiration, he will be the proud owner of 1,000 shares. If the shares are above $11.00 at expiration, profits will accrue accordingly.

Most investors preferred the 10 strike, with 11,720 calls traded against an open interest of 5,555. I went with the 11 strike because I have a large LEAPS position, in the money, and my interest in doing another trade was to have low cost insurance against sorrow and regret if the stock made an unexpectedly large move and I didn't participate fully.

On Friday, if nothing happens, I'll give some thought to doing a similar trade on the August expiration, probably on a 4 to 1 ratio, with strikes selected based on the desire to achieve a low out of pocket cost.

Play It Again, Sam

Traders and investors have a tendency to go back to what worked in the past, whether it be a strategy or a symbol, and try to relive old triumphs. I had very good luck with this play when MBI made the big move up to $14.96, and I've been keeping an eye on it, looking for a chance to take another shot.

Jim Cramer has recommended that investors permit themselves some speculative positions, and I like something like this, where the out of pocket cost is low and there is some sort of rationale to suggest the possibility of a large move. I don't mind being assigned on the puts: Back in May CFO Chuck Chaplin bought 25,000 shares at $9.01, and I'll be happy to buy at the same price he paid.

My experience with the play it again idea has been that the first time around is the best. As the old farmer said about spreading manure in the field: "Successive applications yield diminishing gratification." Still, it's worth trying it again.

Disclosure: I'm long MBI along the lines discussed in the article, long AGO LEAPS, and have no position in the banks mentioned.
http://seekingalpha.com/article/279167-options-strategy-risk… mentioned.

[camaro77]

Hört sich doch gut an kann halt noch ein bischen dauern aber der
frühe Hahn fängt den Wurm.
Wir haben es hier mit einer Aktie zu tun die in meinen Augen ein sehr hohes
Potenzial hat wenn man sieht von welchem Kurs sie kommt und das einige Konkurrenten
im Zuge der Finanzkrise vom Markt verschwunden sind.
Was natürlich nicht Zwangsweise eintreffen muss in der heutigen Zeit mit
den riesen Schuldenbergen der Staaten,den lustigen Ratingargenturen die immer ihrer Zeit hinterher sind dann wenn sie es erkannt haben doppelt und dreifach zuschlagen
oder nach der Pfeife der US Regierung tanzen usw. usw.
Vertrauen wir unseren Politikern das sie es hinbekommen fällt mir zwar schwer aber
die letzten 66 Jahre lief es doch recht gut.

Die Actien-Börse - MBIA wichtig für die massive Finanzsanierung der Länder und Gemeinden

10:03 13.06.11


Düsseldorf (aktiencheck.de AG) - Die Experten von "Die Actien-Börse" halten die MBIA-Aktie (Profil) für ein aussichtsreiches Investment.

Zu Beginn des Jahres habe eine bekannte Analystin in New York die zweite amerikanische Finanzkrise in Aussicht gestellt. Ihrer Meinung nach, hätten mehrere große amerikanische Städte in Kürze vor einer Insolvenz gestanden. Alle damit befassten Institute seien in Mitleidenschaft gezogen worden. Doch die Einschätzung der Analystin habe sich als falsch herausgestellt und lediglich zwei Städte hätten ihren Verpflichtungen nicht nachkommen können. Inzwischen habe sie ihre Meinung revidiert.

Vor diesem Hintergrund würden die Experten zum zweiten Mal die Versicherer von kommunalen Anleihen betrachten. MBIA sei der führende Versicherer für diesen Bereich und sei nur mühsam über diese Marktkonstellation hinweg gekommen.

Für dieses Jahr werde noch ein Verlust von 1,65 USD je Aktie erwartet, doch für 2012 werde dann schon wieder ein Gewinn in Höhe von 1,50 USD prognostiziert. Daraus lasse sich ein KGV um 5 bis 6 ableiten.

Unterstelle man, dass weitere Überraschungen im amerikanischen Finanzgeschäft nicht unmöglich seien, reiche das Restrisiko bis 6 USD. Um 8/8,50 USD liege die erste Kaufbasis und sollte der Kurs nochmal abfallen, entstünde bei 6/6,50 USD die zweite Möglichkeit.

Länder und Gemeinden stünden mitten in einer massiven Sanierung ihrer Finanzen, wobei Municipal-Bonds ein wichtiges Anlageinstrument der privaten und staatlichen Vorsorgeeinrichtungen seien, wofür wiederum die Versicherung von z. B. MBIA nötig sei. Darin liege die Perspektive für MBIA, die man vorerst nur schätzen könne, die jedoch erheblich sei.

Die Experten von "Die Actien-Börse" halten die MBIA-Aktie für ein aussichtsreiches Investment. (Ausgabe 23 vom 11.06.2011) (13.06.2011/ac/a/a)

http://www.ariva.de/news/MBIA-wichtig-fuer-die-massive-Finan…

[camaro77]

Position verdoppelt

[camaro77]

Fein isses die Aktie bringt mir Glück.
Die ganze Geschichte entwickelt sich extrem zum positiven nicht nur
das die Klagen vom Tisch sind jetzt kommt auch noch ordentlich Kohle

Bank of America Said to Offer MBIA Deal in Mortgage Suit
July 14, 2011, 4:32 PM EDT
More From Businessweek

(Updates with shares in the first paragraph.)

July 14 (Bloomberg) -- Bank of America Corp., the biggest U.S. lender, has made a preliminary offer to bond insurer MBIA Inc. aimed at settling a legal dispute tied to defective mortgages, according to two people briefed on the discussions. MBIA shares surged as much as 13 percent.

The two companies remain split on how much the Charlotte, North Carolina-based bank would have to pay to resolve the disagreement and it is unclear when an agreement can be reached, said the people, who declined to be identified because the talks are private. Bill Halldin, a spokesman for Bank of America, and Kevin Brown of Armonk, New York-based MBIA declined to comment.

A settlement would help revive the fortunes of MBIA, the biggest bond insurer before the financial crisis, which has posted cumulative losses of more than $5 billion since the end of 2006. Bank of America Chief Executive Officer Brian T. Moynihan is working to resolve demands from bond buyers and insurers over defective mortgages created by Countrywide Financial Corp., acquired by his predecessor in 2008.

“We will fight and represent your interest to the point where we got the interests represented,” Moynihan said in a June 1 conference. “There is a point where fighting doesn’t have any value.”

Toxic Loans

MBIA rose 84 cents, or 9.2 percent, to $10.02 at 4 p.m. in New York Stock Exchange composite trading. The stock sold for more than $73 in 2006 before defaults on mortgage bonds began to multiply. Bank of America slipped 13 cents to $10.07. The bank has this year announced settlements with Fannie Mae, Freddie Mac, bond insurer Assured Guaranty Ltd. and institutional investors tied to soured home loans.

The lawsuit is among several between Bank of America and MBIA, which guaranteed Wall Street’s toxic mortgage debt. Bank of America bought Countrywide in 2008 and Merrill Lynch & Co. in 2009, two of the largest participants in the market for subprime home mortgages.

In response to an analyst’s question during a May conference call, MBIA Chief Financial Officer Charles Edward Chaplin said that cases over loan repurchases “typically do not go all the way through trial.”

MBIA has booked $2.7 billion in estimated recoveries on its balance sheet for mortgage-bond repurchase claims as of the first quarter, the firm said in a May filing. The insurer said it believes it is entitled to collect the full $4.6 billion of losses it has incurred on the debt. Through September, MBIA had paid out $2.5 billion on mortgage securities sponsored by Countrywide, Chief Executive Officer Jay Brown said in February.

An eventual settlement may cost Bank of America “in the higher end” of a $2 billion to $3 billion range, Robert Haines, an analyst at CreditSights Inc., said this week in an interview.

Countrywide, once the biggest U.S. home lender, was criticized by regulators for sloppy underwriting that contributed to record defaults on loans bundled into bonds that MBIA guaranteed. Defaults ran so high that Countrywide faced bankruptcy before it was rescued by Bank of America.
http://www.businessweek.com/news/2011-07-14/bank-of-america-…

[camaro77]

Bank of America und MBIA: Lösung in Sicht

15.07.2011, 00:00 Uhr

Bank of America und der Anleiheversicherer MBIA hadern um faule Hypotheken. Das Hin und Her sollte ein Ende finden, damit Anleger Hoffnung schöpfen können. Die Bank of America hat einen Vorschlag, der den Streit abschließen könnte.


New York . Im Streit zwischen der Bank of America und dem Anleiheversicherer MBIA um faule Hypotheken zeichnet sich einem Medienbericht zufolge eine Lösung ab. Bank of America habe MBIA einen Vorschlag für einen vorläufigen Vergleich unterbreitet, meldete die Nachrichtenagentur Bloomberg am Donnerstag unter Berufung auf zwei mit den Verhandlungen vertraute Personen.MBIA-Aktien schossen daraufhin zeitweise fast 13 Prozent in die Höhe.

Bei der Bank of America war zunächst niemand für eine Stellungnahme zu erreichen. MBIA lehnte eine Äußerung zu dem Bericht ab. Wie viele andere US-Banken hatte die Bank of America zu den Boomzeiten auf dem US-Häusermarkt Hypothekenkredite in hoch komplexe Wertpapiere gebündelt und diese dann in der ganzen Welt an institutionelle Anleger weiterverkauft.

Der Zusammenbruch des US-Immobilienmarkts weckte bei den Investoren im Nachhinein Zweifel an der Qualität dieser Papiere, die massiv an Wert verloren. Viele Investoren verklagten die Wall-Street-Banken und fordern einen Rückkauf der umstrittenen Anleihen. Unlängst hatte sich Bank of America mit dem MBIA-Rivalen Assured Guaranty auf einen 1,6 Milliarden Dollar schweren Vergleich verständigt

http://www.handelsblatt.com/unternehmen/banken/bank-of-ameri…

[camaro77]

Wenn man bedenkt das bei gut einem Dutzend Banken ähnlich gelagerte
Vergleiche anstehen sehe ich für den Kurs auf jeden Fall ein Potenzial bis auf die letzten Hochs vom Januar 2011 bei 14,90$
denn ich glaube das die Börse diese ausstehenden Vergleiche vorweg nehmen wird.
Da die BOA in den Vergleich geht wird es für die anderen Banken immer schwerer sich der Sache zu entziehen.

[camaro77]

19% diese Woche

[camaro77]

Stocks You Can Buy Cheaper Than Bruce Berkowitz: AIG.WS, MBI, CSCO, C, GS


Jun. 17, 2011 | Filed Under: AIG.WS, MBI, CSCO, C, GS


Bruce Berkowitz is considered one of the greatest investors of our time. He manages the Fairholme Fund, which has returned 196% over the last 10 years, compared to the S&P 500 Index’s return of 16.4%. Even though Berkowitz tends to make excellent stock picks, sometimes gurus buy a little early. That is why GuruFocus has introduced the GuruFolio Report which highlights the stocks gurus recently purchased that have since gone down in price.

Right now, you can get the following stocks for even cheaper than Bruce Berkowitz did: (AIG.WS), (MBI), (CSCO), (C) and (GS), according to the GuruFolio Report for Bruce Berkowitz.


MBIA Inc. (MBI)

MBIA Inc. is a holding company with subsidiaries that provide financial guarantee insurance, fixed-income asset management and other specialized financial services to clients around the world. MBIA Inc. has an enterprise value of $22.5 billion; its shares were traded around $8 with a P/S ratio of 1.8.

Berkowitz has been adding to his MBIA stake since the second quarter of 2010, when the average price was $7.65. By the end of the first quarter of 2011 he owned 41,253,300 shares and average price was $11.27. Since he bought the purchase price has declined 28.7%.

Witney Tilson has made a significant profit on the price decline as he shorted the stock this year, he reported in his May letter.

The net loss to common shareholders for the first quarter of 2011 was $1.1 billion, or $5.68 per share, compared with a net loss of $1.5 billion, or $7.22 per share, in the first quarter of 2010. The net loss in the first quarter of 2011 was driven primarily by a $1.3 billion pre-tax unrealized net loss on the fair value of insured derivatives resulting primarily from an improved market perception of MBIA Corp.'s credit quality. MBIA also has a gross margin and operating margin of 74% and 32.2% respectively.
http://www.gurufocus.com/news/136731/stocks-you-can-buy-chea…

[camaro77]

July 18, 2011 3:22 AM


JPMorgan, UBS, Deutsche Bank Said to Face N.Y. Mortgage Probe


May 24 (Bloomberg) -- JPMorgan Chase & Co., UBS AG and Deutsche Bank AG are being investigated as part of New York Attorney General Eric Schneiderman's expanded probe of mortgage securitization, according to a person familiar with the matter.

Four bond insurers also were subpoenaed: Ambac Financial Group Inc., MBIA Inc., Syncora Holdings Ltd. and Assured Guaranty Ltd., according to the person, who couldn't be identified because the probe isn't public.

Schneiderman is seeking information on claims paid out during and after the economic crisis and any information or documents related to litigation or settlements with the banks, according to the person. The expanded investigation was reported earlier by the Wall Street Journal.

Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley were already part of the probe, the person said earlier this month. Schneiderman, who took office in January, is examining mortgage practices and the packaging and sale of loans to investors, according to the person.

Lauren Passalacqua, a spokeswoman for the New York attorney general, declined to comment yesterday. Michael Fitzgerald, a spokesman for New York-based Ambac, Torie von Alt, a spokeswoman for Zurich-based UBS, Tom Kelly, a spokesman for New York-based UBS and Renee Calabro, a spokeswoman for Frankfurt-based Deutsche Bank, declined to comment yesterday.

Royal Bank of Scotland Group Plc is also one of the companies being investigated by the attorney general, the Financial Times reported. Pholida Phengsomphone, a spokeswoman for the Edinburgh-based bank in the U.S., didn't immediately return a call seeking comment after regular business hours yesterday.

‘Accelerate' Resolution

“We support the attorney general with their investigation which will hopefully accelerate the resolution of mortgage origination, securitization and servicing problems,” Ashweeta Durani, a spokeswoman for Hamilton-Bermuda-based Assured Guaranty, said in an e-mailed statement. “We prefer not to confirm whether or not we have received a subpoena.”

New York-based Syncora's Syncora Guarantee Inc. subsidiary received a subpoena from the New York attorney general “to provide certain information” about mortgage-backed securities lawsuits and settlements, repurchase requests and regulatory inquiries, Syncora spokesman Michael Corbally said in an e-mail. He declined to comment further.

Kevin Brown, a spokesman for Armonk, New York-based MBIA, confirmed that the company has received a subpoena and that “the information sought in the subpoena relates to the allegations in our various RMBS complaints.” RMBS refers to residential mortgage-backed securities. MBIA is suing banks for allegedly breaching representations and warranties on loans that are pooled into those securities.

50-State Probe

Federal regulators and all 50 state attorneys general are scrutinizing how the biggest U.S. financial firms handle home loans. Last month, as states coordinated settlement talks with banks over foreclosure practices, Schneiderman said that any joint accord shouldn't preclude individual states, such as New York, from continuing their own inquiries.

California Attorney General Kamala Harris set up a task force to investigate mortgage fraud, her office said yesterday in a statement. The group, made up of 25 attorneys and investigators, will work in three teams: consumer enforcement, criminal enforcement and corporate fraud.

The task force's work will include investigations into the origination of mortgage loans, the marketing of mortgage-backed securities, and false or fraudulent claims made to the state with respect to subprime mortgages, according to the statement. It will also target predatory lending as well as loan modification and foreclosure scams.

‘Safeguard the Homeowner'

“We will work to safeguard the homeowner at every step of the process -- from origination of a loan to its securitization, and we will prosecute to the fullest extent of the law those who take advantage of trusting California families,” Harris said in the statement.

In April, Bank of America was among 14 of the largest U.S. mortgage servicers that signed consent decrees with authorities including the Federal Reserve to improve foreclosure methods. The firms promised to conduct reviews, overhaul procedures for loan modifications and refinancing and pay back homeowners for losses from home seizures that were mishandled.

Last July, Goldman Sachs paid $550 million to settle civil fraud charges brought by the Securities and Exchange Commission over the 2007 sale of a mortgage-linked investment called Abacus. The firm said it made a “mistake” by failing to disclose to investors that a hedge fund was involved both in structuring the investment and planning to bet against it.

One-Time Payment

MBIA, the company that backed some of Wall Street's most toxic debt securities, settled $19 billion in guarantees with five financial institutions since September, resolving the obligations with a one-time payment.

Its MBIA Insurance Corp. unit paid the firms to tear up contracts insuring against losses on corporate, residential and commercial-mortgage bonds and derivatives, the company said in a statement that didn't disclose the settlement amounts. The deals terminated guarantees on $15.7 billion of debt in the fourth quarter and $3.3 billion during the first two months of 2011, the company said.

http://news.businessweek.com/article.asp?documentKey=1376-LL…

[camaro77]

So mal komplett Gewinne mitgenommen ging mir zu schnell nach Süden in US werde erst mal beobachten.
Dieses Jahr habe ich schon zu viele Werte laufen lassen.
Aber ich bleibe hier auf jeden Fall am Ball.

[lafabius]

na noch Mutige dabei?

[lafabius]

November 7, 2012

MBIA Inc. Announces Consent Solicitation Relating to the Indentures Governing Its 6.40% Senior Notes Due 2022, 7.00% Debentures Due 2025, 7.15% Debentures Due 2027, 6.625% Debentures Due 2028 and 5.70% Senior Notes Due 2034





ARMONK, N.Y.--(BUSINESS WIRE)-- MBIA Inc. (the "Company" or "MBIA") (NYSE: MBI) announced today that it has commenced a consent solicitation relating to the Indentures governing its 6.40% Senior Notes due 2022, 7.00% Debentures due 2025, 7.15% Debentures due 2027, 6.625% Debentures due 2028 and 5.70% Senior Notes due 2034 (the "Notes").

Specifically, the Company proposes to substitute one of its subsidiaries, National Public Finance Guarantee Corporation, for another subsidiary, MBIA Insurance Corporation, in the definitions of "Restricted Subsidiary" in the Indenture, dated as of August 1, 1990 (the "1990 Indenture"), and "Principal Subsidiaries" in the Senior Indenture, dated as of November 24, 2004 (the "2004 Indenture"), pursuant to which the Notes were issued.

As described in the documentation related to the consent solicitation, the Company believes the proposed amendments will be beneficial to both the Company and its noteholders.

In the event that the proposed amendments become operative, the Company will pay a consent fee of $10 per $1,000 principal amount of Notes to all consenting noteholders, on terms and conditions described in the consent solicitation documentation.

In connection with the consent solicitation, the Company has entered into a lock-up agreement with holders of approximately 25.4% of the principal amount of the Notes outstanding under the 1990 Indenture and approximately 3.5% of the principal amount of the Notes outstanding under the 2004 Indenture, pursuant to which they have agreed to (i) deliver or cause to be delivered, as soon as practicable, valid consents to the proposed amendments and (ii) not to revoke such consents for 30 days except if the terms or conditions of the consent solicitation are materially modified.

The consent solicitation will expire at 5:00 P.M., New York City Time, on November 21, 2012.

Holders of Notes who have any questions regarding the terms of the consent solicitation should contact the Solicitation Agent, Deutsche Bank Securities, at [phone] (U.S. Toll-free) or [phone]. Copies of the consent solicitation statement, the form of consent or any related documents may be obtained from i-Deal LLC, the Information Agent, by calling [phone] (U.S. Toll-free) or [phone]. In addition, beneficial owners wishing to review the consent solicitation statement may also access it by visiting the following website: http://docs.mbia.com.

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES AND SHALL NOT CONSTITUTE AN OFFER, SOLICITATION OR SALE OF ANY SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.

[lafabius]

Why MBIA Shares Dropped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of insurance provider MBIA (NYSE: MBI ) finished the day down 19%, after Bank of America (NYSE: BAC ) said it would buy the insurer's bonds in order to block it from separating itself from a unit that insured B of A on mortgage debt.

So what: Bank of America's move comes after MBIA attempted to get bondholders to agree to a change in terms on nearly $900 million in bonds that would keep its insurance unit from forcing the company into bankruptcy. Litigation between the two companies has been brewing since 2009, dealing with broken contracts on toxic mortgage debt. MBIA is also countersuing Bank of America, saying its Countrywide division misrepresented the quality of mortgages that MBIA insured.

Now what: Bank of America offered to pay face value for the bonds valued at a steep discount, and its strategy seems to be to weaken MBIA's liquidity in order to undermine its legal case. Considering today's drop, the liquidity risk, and the legal uncertainty ahead, prospective investors would be wise to sit this one out.


http://www.fool.com/investing/general/2012/11/13/why-mbia-sh…

[lafabius]

Bank of America Offers to Buy MBIA Bonds to Block Amendment

Bank of America Corp. (BAC) is seeking to buy the majority of $329 million of MBIA Inc. (MBI) bonds to block the insurer’s efforts to distance itself from a cash-strapped unit that sold products protecting the lender from losses on more than $6 billion of debt. MBIA fell the most in three years.

Bank of America’s bid follows a move by MBIA last week to persuade bondholders to change the terms governing almost $900 million in bonds, which would prevent a regulatory seizure of its MBIA Insurance Corp. unit from dragging the parent into bankruptcy. That would leave policyholders including Bank of America holding guarantees from an insurer that can’t make good on claims.

If the insurer succeeds “the risk of MBIA Insurance Corporation being placed in rehabilitation or liquidation will increase, which would jeopardize all policyholder claims, including Bank of America’s,” the Charlotte, North Carolina- based bank said in a statement. Bank of America units bought credit-default swaps backed by MBIA that protect the lender from default on $6.2 billion of debt, the bank said.

The tender offer is the latest move in a legal battle that started in 2009 and has led to settlement talks between the two companies. MBIA’s insurance unit guaranteed some of Wall Street’s most toxic mortgage debt before the financial crisis that started five years ago, then was shut out of its primary municipal-insurance business when Moody’s Investors Service and Standard & Poor’s stripped the unit of its top ratings.

MBIA Sues

MBIA is suing Bank of America, claiming that its Countrywide unit misrepresented the quality of mortgages that were bundled into securities and insured by MBIA. After the insurer won approval from regulators to separate the municipal guarantees into a new unit in January 2009 in an attempt to jumpstart that business, Bank of America was among lenders that sued MBIA to have the split overturned, arguing that it left the unit insolvent.

“Bank of America’s tender offer is nothing more than an outrageous attempt to improperly interfere in MBIA’s corporate affairs in order to pressure us to accept a grossly unfair settlement of our fraud and contract claims against BofA,” Kevin Brown, a spokesman for Armonk, New York-based MBIA, said in an e-mailed statement.

Seizure Risk

Rather than MBIA’s efforts to amend the bonds raising the risk of a seizure by regulators, “it is BofA’s own refusal to honor its obligations and its strategy of delaying the put-back litigation” that’s elevating it, he said.

MBIA shares dropped 19 percent, the most since November 2009, to $6.81 at 4:15 p.m. in New York.

The amendment Bank of America is seeking to block would make a cross-default provision in the bonds, which now allows creditors to demand immediate payment from the parent company if MBIA Insurance is seized, to instead be linked to the municipal unit, National Public Finance Guarantee Corp. MBIA is asking bondholders to approve the change by Nov. 21, offering to pay $10 per $1,000 of notes to those who consent.

In its counter offer today, Bank of America is offering to pay bondholders as much as a 22 percentage point premium on bonds governed by one of two indentures MBIA is trying to amend.

The lender said it would pay par, or $1,000 per face amount, for MBIA’s 5.7 percent senior notes due in 2034 that are tendered by Nov. 27, and $950 between then and Dec. 11, according to the statement today. The securities traded at 78 cents on the dollar Nov. 8 to yield 7.8 percent, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

‘Off the Table’

While a successful consent solicitation by MBIA would have reduced the pressure that Bank of America could put on the insurer, the bank’s tender offer “takes that alternative off the table,” Brian Charles, an analyst at RW Pressprich & Co. in New York, said in a telephone interview. “It probably puts MBIA in more of a stressed situation where they need to find a settlement sooner rather than later.”

Bank of America’s offer hinges on a majority of the notes being tendered, without which the amendment to indentures couldn’t be blocked.

Bank of America “is trying to preserve cross default so that they can wait out MBIA,” said Rob Haines, an analyst at independent debt-research firm CreditSights Inc. in New York. “You rarely see this.”

To contact the reporter on this story: Charles Mead in New York at [e-mail]; Mary Childs in New York at [e-mail]