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$1.70 0.21 (14.09%)
10/10/2008 4:03 PM

Ambac Financial Group, Inc. (ABK)

CAPS Rating:
*

A holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both the public and private sectors around the world.

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2

Avatar NeroSagetrade (85.15) Submitted: 12/13/07 10:58 PM : Outperform Start Price: $23.64 ABK Score: -52.63

Time to grow some balls and make some calls I guess. Ambac Financial has taken a beating and is now trading well below book valuation as their asset backed mortgage portfolio of bonds has nosedived. Subprime and even high rated bonds have tanked in value and yet liquidity at ABK remains high. I felt pretty good when ABK's CEO claimed the company was well positioned even in the challenging environment. As long as ABK remains profitable which doesnt even seem like it will be an issue Im not worried. ABK is horribly oversold here and a bounce to the mid $30s seems likely.





Nero


Sagetrade

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