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$1.34 -0.12 (-8.22%)
1/7/2009 4:00 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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Recs

3

Avatar deepakshenoy (98.04) Submitted: 8/18/08 1:54 PM : Underperform Start Price: $5.90 ABK Score: 47.66

Regardless of the S&P stay on the rating, ABK's going to find the going tough. Muni bonds are hurting two ways: either not opting for insurance or if they have insured, are close to default.

CDS is a tough area - they're probably written a lot of the upper grades of CDOs too and it seems Alt-A is the next subprime so that is going to hurt too.

Lastly they are going to find the lack of AAA a serious problem for income going ahead.

Perhaps this call is too early. But I think it's going to zero, so if I'm right the score on this should be 100 regardless of where I start from.

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Avatar DeerHunter73 (< 20) Submitted: 8/18/08 3:58 PM

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These are the facts over the last 2 months



Now that the comp is OFF neg watch this will prob be a good time for them to get the approval on connie lee and have that comp going. ......................

Lets see had there stake upd by 3rd

got a 250 mil airforce contract.

Takin off neg watch.

Connie lee .

Paid off a bad debt total 1.4 bil

bad debt gone however you call it is still BAD DEBT GONE!

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