This stock will continue to rise throughout the year as the economy and housing market recover. Though the ride may be bumpy but who cares if your making money.
Looks like my portfolio is getting seriously financial heavy. But how ofton do you get an opportunity to pick up financial stocks this cheap? If this was my real portfolio I would be holding these stocks for a couple of years, all the way through the next big bull market, and there will be another big bull market.
In my last article I said that financial insurers could very well be the subject for another piece about financial conundrums. In fact, the conundrum here is very well explained by the unfair behavior of some folks who were shorting those securities, helped by the usual behavior of the mainstream media (a megaphone for the strongest screaming at any given time).
Since then, there have been some excellent pieces, which have done a very good job restoring the truth and exposing the bad faith of some market actors and the lunacy of the rest. As I could not do better and as I hate to waste word
Readers are familiar with my opinion on the proper valuation of Ambac (ABK) and MBIA (MBI). GAAP metrics are not useful: the non-GAAP adjusted book value is the proper measure of their worth, and share prices should recover to that level over the next several years. The primary considerations that are keeping a lid on prices revolve around credibility – specifically, an intertwined set of issues between the bond insurers, their most severe critics (led by Ackman), and the rating agencies, S&P and Moody's. The purpose of this article is to present my analysis, which demonstrates that the rep
this stock cant by lost its like e fannie or freddie wen ambac is done dan is half de world done ,vs ,england,europ ,azie ,der are evriware im from belguim en here ambac wos olready 5 times dead en stil i believe it wil recover ,wen it hits de 10 $ it wil get its boost ,en jump up ad no time. im stil e bid low with my target price bud dis is stil like e little game en we are stil not out de houzing market crisis?
Ambac (ABK), the beleaguered financial guarantor, looks to be close to liquidation on the surface. Its share price has fallen a stupdendous amount, from around ninety dollars before the subprime implosion, to two and change today.
This drastic decrease in market capitalization appears warranted on the surface -- Ambac, along with many of its peers, strayed from the lucrative business of plain-vanilla municipal bond credit enhancement. The company's foray into exotic and ill-conceived structured finance deals has placed unprecedented levels of stress on Ambac's financial position, leading to
Ambac Financial Group, Inc., through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. It operates in two segments, Financial Guarantee and Financial Services. The Financial Guarantee segment provides financial guarantee insurance and other credit enhancement products, such as credit derivatives for public finance and structured finance obligations. It also provides credit protection in credit derivative form, as well as guarantees or provides credit protection on obligations already carrying insuranc...
MBIA Inc. (MBI) and Ambac Financial Group, Inc. (ABK) have
been at the center of the credit and housing crisis as insurers of sub-prime,
sub-A loans, and prime housing loans. Analysts continue to drop the earnings
estimates and the stocks themselves fall to new lows weekly.
MBIA Inc. (MBI) and Ambac Financial Group, Inc. (ABK) have been at the center of the credit and housing crisis as insurers of sub-prime, sub-A loans and prime housing loans. Analysts continue to drop the earnings estimates and the stocks themselves fall to new lows weekly.
There has been some interesting buying in shares of both Ambac (ABK) and MBIA (MBI).
Insiders: MBIA's Chairman Joseph Brown bought 159,000 shares of stock at $5.91 per share last week, giving him 2,611,456 shares of direct ownership.
Ambac's Chairman and CEO Michael A. Callen bought 10,000 company shares at $2.60 per share. Director Laura Unger disclosed transactions from June 3 for purchases of 103,334 shares at $3.00 in two transactions. Jill Considine, Philip Duff, and Henry Wallace all also each bought 33,334 shares at $3.00 on June 3.
Big Fish: Martin Whitman added to his holdings in Ambac
If this company survives, it could have a good pop. I have a small position. High risk at this time. The news is uncertain about hidden unreported losses in financial community in general. The companies PR staff is pumping out upbeat reports of enough capital from other parts of business to shore up the weak areas....but time will tell.
TheStreet.com's Jim Cramer says the value guys threw this party, so respect the hosts.
Sometimes you just feel beaten into being positive. You just say, "OK, enough, I will accept the positives as they are being put out, not as I believe they are."
That's how I felt yesterday about Freddie Mac (NYSE: FRE) (Cramer's Take). The company put out financials yesterday that looked better than expected, and for once I didn't question whether t...
Who's Bullish on MBI & ABK ?
- Have the recent deals between ABK & Citigroup, Meril & SCA and the future deals between Meril and MBI, mean we have seen the bottom?
Are these deal...
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ABK
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About Ambac Financial Group Inc.
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