https://docs.google.com/spreadsheets/d/1GqrTCJXPLV6QQd7401m3FsY3Q9imTPJsm3dcY0rlVvQ/edit?usp=sharing
So I am trying to look into securities that are not fannie/freddie. I pinged the audience, and so I figure I am going to look at these ones. Fannie and Freddie shitbird preferred currently trade at like $4 and have par values of $50..
MBI – $15 stock; $41+ book value in run off liquidation probably worth like $25-35 in sale
FTAI – $26 stock — $80 value — internal re-org q1 2022
AMBC – $15.75 stock — probably worth $30
IMH – $0.89 pending restructure pending litigation pending restarting business with cobb webs — could be worth $3-$5 out of the gate maybe significantly more.. this thing traded high in the past
CCHW / CCHWF – pot stock https://twitter.com/junglejava1/status/1491201414458130432 CCHWF is at like $3.13 has been crashing for about a year. market cap of like $1.1B EBITDA of like $31M/quarter? not bad actually for 25% ebitda growth. probably a $10 stock. maybe more.
RGS – $80M greatclips haor cutter just reorged $1.74 stock — covid is over play?
AGO – $57 stock trading at 50% frac of book value. worth $80 on PR done?
ATEX – $54 stock worth $120 in liquidation?
some common themes..
insurance/mortgage
carry forward tax assets from previous losses
significant falls from grace in terms of price