Assured Guaranty (AGO) Higher Following Positive Barron's Mention
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Shares of Assured Guaranty (NYSE: AGO) are 8% higher today following a positive profile in this weekend's Barron's, which said as a survivor amongst its�peers the company could see its stock double.
Barron's said Assured Guaranty in about the only U.S. bond insurer�left that has both the credit rating and the financial wherewithal to easily write insurance on new issues of municipal bonds and bond securitizations.
Assured Guaranty avoided writing insurance on CDOs, which did in much of the industry. And, while the company dabbled in guarantees of other "structured securities" it was much more conservative.
While the stock has already climbed 60% this year, it could have more to go Barron's contends.
Link to Barron's Article $
Barron's said Assured Guaranty in about the only U.S. bond insurer�left that has both the credit rating and the financial wherewithal to easily write insurance on new issues of municipal bonds and bond securitizations.
Assured Guaranty avoided writing insurance on CDOs, which did in much of the industry. And, while the company dabbled in guarantees of other "structured securities" it was much more conservative.
While the stock has already climbed 60% this year, it could have more to go Barron's contends.
Link to Barron's Article $
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