Assured Guaranty (AGO)

A deep value compounder hiding in a misunderstood industry.

Bond insurance is one of the most dislocated corners of the market — and AGO is the survivor that emerged from the financial crisis stronger, with a fortress balance sheet and a buyback machine.

Our latest research note walks through the thesis, the math, and the catalysts.

What’s inside

• The $4B+ buyback engine — and why management has systematically retired ~half the float since 2014.
• Why the post-financial-crisis franchise is materially different from the legacy bond insurers people remember.
• Catalysts on the runway — and the realistic price targets that follow.
• What could go wrong — the bear case, honestly stated.

Get the research note

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Note: T&T Capital Management may hold positions in AGO. This research is for educational purposes only and is not a recommendation to buy or sell. Past performance does not guarantee future results. Schedule a free consultation.