Ambac Financial Group, Inc. (NASDAQOTH:ABKFQ)

ABK is an insurance company, they evaluate a loss when a loss occurs and will divide the amount of fault based on percentages. ABK will not be paying for the irresponsible mortage losses because the banks will be at fault after investigations. If we think about insurance, the mortgage situation would be like an average person basically driving their car into a brick wall and expecting to get paid by the insurance company for it. The banks gave out mortgages that didn't even meet their own standards or requirements.

evening star

With the end of the mountain slope in sight, the new management that has been put in place, as well as the low cost/risk involved in buying a stake, ABK is in a perfect position to garner a return in the next few months after the dust settles.

Anything beyond the few month window is pure speculation, and should be re-evaluated with an eye towards the current status of the realty market, the general economy, and the election season.

Looking for a Huge run up when shorts have to cover their position...

Will see $5 this year. maybe somebody want to cover their shot so they talk bad on ABK. Trust what the company say, Not what kind of liers or losers.

ABK has to continue to at least stay over $1.00 in order not to be pinked. So far it appears to be holding its own. In comparison to GS. GS I think is in a better position eventhough the stock has dropped some because of the recent news. It is however still expensive. We'll have to wait and see how fast of a change and in what direction it goes as the news continues to focus on it.

I think some shorts may have gotten shook the first run-up and are in mutinous combat with their conscience about holding their position. People like Mr. Andrew Wessels have to re-iterate their positions to try and stem off momentum, when that doesnt work you have to bail. So, when I think of the potential for another squeeze, it’s not out of ABK's strong fundamentals that I hold...but rather that the momentous pressure will yet again shake bigger shorts and equate to bigger profits when their hands are forced to cover.

DJN quotes CITI CFO 4-19-10, “Citi not involved in the matter that the SEC announced FRIDAY” and “Citi is fully cooperating with ‘these’ (plural) investigations... Based on an a new article regarding Ambac’s back door restructuring by Wisconsin Regulators, it’s looking more likely that ABK will be around to collect from Citi and others on misrepresented mortgaged backed securities, the judge in the case is looking to make that they will be around. Link to article follows:
http://www.jsonline.com/business/91291174.html

If ABK does NOT file bankruptcy it will emerge a huge winner of the new GS wars. It stands to make a ton of money IF it hangs around long enough to collect.

conservative business,good fundamentals

I think this is going to be a good bounce. http://wp.me/pdb78-iq

great risk/reward... look at all the other financial companies that are loaded with debt... citibank, bank of america, etc. huge short interest which means enormous short squeeze... remember AIG? listen to buffet when he say, "be fearful when others are gready and be gready when others are fearful"

BUY and HOLD get in on the greatest short squeeze!!!

hi

Good rise started and earnigs will continue to rise.

this giant still asleep. Wait till they start posting earnings, everyother institution will jump in.

Big company has sometimes big problems but once u solve them, then you are even stronger and bigger comp.I got time..

Ambk will go up once they get over their derivatives problem.

This account goes contrarian to free media-based bear or bull calls that aren't related to actual news within the company. In "The Bond Buyer's" publication entitled "Ambac's Suit a Long Shot" an unidentified lawyer quotes," 'If they just have a standard contract, then I'm not sure what Ambac's smoking,' said one leading swap lawyer, who asked not to be identified because the attorney's firm hadn't approved the comments."

Over shorted, last squeeze got us to the $7.00 range.