Assured Guaranty (AGO)

Add a New Bulls Reason Company: Assured Guaranty (AGO) Current price: Headline: (100 character max) Analysis: Cancel 100% agree 2 votes   Good news for AGO investors Top Contributor: Todd Sullivan | Created when NYSE:AGO was $15.97 | Edit | History Assured Guaranty (AGO) said late Thursday that second-quarter net income came in at $545.2 million, or $5.97 a share, up a lot from the same period a year earlier when the bond insurer made $32.8 million, or 47 cents a share. The big increase was driven mainly by $518.3 million in after-tax unrealized gains on credit derivatives. Operating income, which excludes such gains and losses, was $38.7 million, or 42 a share. (100 character max) Cancel 100% agree 1 votes   Wilbur Ross is a winner! Created when NYSE:AGO was $17.67 | Edit | History He owns 16M shares. Municipalities do not go bankrupt, they raise taxes and sell assets. But the present fear that municipal chapter 9 filings will increase will require that more cities insure their issues to gain AAA ratings and that is good for AGO. May 10 earnings report and outlook will be bullish. Greek and Euro distraction and hedge funds gone wild will reverse this week. AGO will be north of $28 when risk trade returns by mid June. (100 character max) Cancel

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