Height Securities

Heath insurance companies are meeting with CMS Administrator Seema Verma today to try to determine if President Donald Trump intends to pull $7 billion in funding from companies that sell plans on Affordable Care Act exchanges. The cost-sharing reductions (CSR) allow insurance companies to provide...

M&A chatter among telecom companies could grow louder, according to a note released by Height Securities. M&A Wave 'Round The Corner The firm noted that the FCC released the final results of the 600 MHz incentive auction on April 14, 2017. The firm believes the quiet period around the...

Noting opportunity to capitalize on recovering demand for titanium dioxide (TiO2), Tronox Ltd (NYSE: TROX) agreed in February to acquire Saudi-owned Cristal for $1.673 billion and a 24-percent stake in stock. The pending purchase and concurrent sale of Alkali Chemicals would render Tronox the...

If at first you don’t succeed, try, try again. President Donald Trump and congressional Republicans are not giving up on repealing and replacing the Affordable Care Act, even after their first attempt at healthcare reform fell flat. After meeting with former Republican congressmen and senior...

The Puerto Rico Electric Power Authority (PREPA) has agreed to a new debt deal with its creditors, but the U.S. territory is still teetering on the brink of bankruptcy. Earlier this month, PREPA and its creditors agreed to restructure $8.9 billion in debt in a deal that would save $2.2 billion over...

AT&T Inc. (NYSE: T)’s Monday acquisition of Straight Path Communications Inc (NYSE: STRP) was notable mostly because Straight Path isn’t. The acquired company’s spectrum of interest, one within the 39 GHz range, hasn’t been commercially proven. “We believe that...

Following a futile Tuesday-night attempt to unite on ACA repeal strategy, Vice President Mike Pence and House Republicans convened again Wednesday to hash out a deal. But Height Securities analysts Andrew Parmentier and Stefanie Miller weren't hopeful for a resolution. “We think chances...

The path forward for Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) shareholders has gotten much narrower in the past five months. According to Height Securities' Edwin Groshans, that path may also be much longer than investors realize. Fannie...

In another move toward deregulation, Congress is on the verge of passing a bill intended to disallow the Prepaid Card Rule submitted by the Consumer Financial Protection Bureau, or CFPB. Rule Likely To Be Repealed Height Securities said in a note on Monday the Senate resolution proposed last week...

With Title VI now looking a pipedream and Title III Restructuring a near certainty in Puerto Rico, Height Securities said in a note released on Monday, the latter would result in significant paid claims for companies such as Assured Guaranty Ltd. (NYSE: AGO), MBIA Inc. (NYSE: MBI) and Ambac...

Everyone is worried about the subprime auto market, including Neuberger Berman Group Fund Manager Steve Eisman. “Banks make mistakes on credit quality, and we are in an environment where credit quality has never been this good in anyone’s lifetime, with the one exception of subprime...

Amid intra-party chaos surrounding tax proposals, Height Securities analysts posted 85-percent odds of Congress passing a bill prior to 2018 elections — and offered a “sleeper pick” of the modified 2014 tax reform draft at 10 percent odds. “We continue to get the sense in...

After comments from newly-appointed Treasury Secretary Steven Mnuchin renewed investor optimism and lifted the share prices of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) in late 2016, investors have spent most of 2017 trying to identify the...

By Laurel Kraus A Height Securities research note published Wednesday morning stated its analysts “believe ACA repeal efforts are dead for now as the Congress pivots its energy toward other legislative priorities.” Talks have begun again between the White House and House Republican...

White House officials are preparing to brief President Donald Trump Thursday on options for comprehensive tax reform, according to a Bloomberg report. As far as is known, the presentation will include House Speaker Paul Ryan’s “Better Way” plan featuring a destination-based cash...