BTIG Says Buy the Dip in MBIA, Sees Kapnick Ruling In Favor, BofA Eventually Settling

BTIG Financial's Mark Palmer defended shares of MBIA

in an earlier blog post following the company's Q4 results and news of "substantial doubt" on MBIA Corps. going concern ability. The stock has been down around 3 percent for most of Thursday's session. Palmer recommended investors buy the dip in shares as he expects New York Justice Kapnick to rule in favor of MBIA related to the Article 78 proceeding. Palmer sees upside amid the eventual settling by BofA. BTIG maintains a Buy rating on shares of MBIA.