Assured Guaranty's Accretive Buybacks Continue To Grow Intrinsic Value
AGOAssured Guaranty(AGO) Seeking Alpha·2024-08-09 14:09
domoskanonos As a value investor, I enjoy buying companies at a large discount to intrinsic value, providing a very strong margin of safety. Such an opportunity exists in the common stock of Assured Guaranty (NYSE:AGO), which I’ve covered on Seeking Alpha for over 12 years now. The municipal bond insurer tends to only generate headlines when bad news occurs, such as the municipal defaults of Puerto Rico or Detroit, but beyond the headlines is a well-capitalized and market leading insurer trading at a ma ...