|Bid||9.97 x 100|
|Ask||10.76 x 300|
|Day's range||10.30 - 10.48|
|52-week range||7.15 - 11.65|
|PE ratio (TTM)||-4.10|
|Dividend & yield||0.00 (0.00%)|
|1y target est||N/A|
Even as Puerto Rico’s restructuring process devolves into more lawsuits, defaults, and downgrades, some ripple effects are creating surprising opportunities for investors.
Puerto Rico entered its own form of bankruptcy in early May, and the financial crisis there is still getting worse. Consider what’s going on with MBIA (MBI), the parent of bond insurer National, which insures about $4 billion in par value of Puerto Rico bonds. On Tuesday, management told investors to expect shareholder-friendly moves, such as more stock buybacks and perhaps a special dividend—even as it had to increase accounting for losses related to Puerto Rico.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to MBIA, Inc. Here are 5 ETFs with the largest exposure to MBI-US. Comparing the performance and risk of MBIA, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name ... Read more (Read more...)