Assured Guaranty's Cannibalistic Share Repurchases Still Creating Value
2025-08-26 08:26:56 ET
Assured Guaranty ( AGO ) is an undervalued cannibal company, buying back its own stock aggressively, at large discounts to intrinsic value, creating a virtuous circle on increasing per share intrinsic value. AGO's business is insuring U.S. municipal bonds, international infrastructure bonds, and structured finance transactions. The business is not glamorous and unfortunately, you mainly hear of the company when there is some type of bankruptcy, or restructuring, most notably with Puerto Rico's various defaults, or RMBS defaults in the Financial Crisis. The company is in a good position, growing its insured portfolio after a long period of shrinking, buying back stock at good prices, and managing its relatively few troubled exposures....
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Assured Guaranty's Cannibalistic Share Repurchases Still Creating Value
NASDAQ: AGO
AGO Trading
-0.7% G/L:
$83.20 Last:
67,775 Volume:
$82.57 Open:
