Stock Alert for Ambac Financial Group Inc. Issued by StockPreacher
13 Aprile 2010 - 12:50PM
StockPreacher.com announces an investment report featuring Ambac
Financial Group Inc. (NYSE:ABK). The report includes financial,
comparative and investment analyses, and industry information you
need to know to make an educated investment decision.
The full report is available at:
http://www.stockpreacher.com/n/ABK
Get our alerts BEFORE the rest of the market. Follow us on
Twitter: http://twitter.com/StockPreacher
Ambac Financial Group Inc. (ABK) is primarily a holding company.
The Company, through its subsidiaries, provides financial
guarantees and financial services to clients in both the public and
private sectors worldwide. ABK's activities are divided into two
business segments. The Financial Guarantee segment provides
financial guarantees (including credit derivatives) for public
finance, structured finance and other obligations. The Financial
Services segment provides investment agreements, funding conduits,
interest rate, total return and currency swaps, principally to
clients of the financial guarantee business. During the year ended
December 31, 2008, the Company discontinued writing new investment
agreements and derivative products in its Financial Services
segment.
Message Board Search for ABK:
http://www.boardcentral.com/boards/ABK
In the report, the analyst notes:
"ABK recently announced fourth-quarter 2009 net income of $558.1
million, or net income of $1.93 per diluted share. This compares to
a fourth-quarter 2008 net loss of $2,340.8 million, or net loss of
$8.14 per share. The fourth quarter 2009 results reflect a tax
benefit recorded during the period, reduced loss and loss expenses
recorded relative to fourth quarter 2008, and unrealized
mark-to-market gains in the credit derivatives portfolio.
"On March 24, 2010, the Office of the Commissioner of Insurance
of the State of Wisconsin (OCI) filed a petition in state court to
rehabilitate the Segregated Account of Ambac Assurance Corp.
Ambac Assurance Corp. (AAC) is the principal operating insurance
company of ABK. The rehabilitation pertains solely to the
recently established Segregated Account (the Segregated Account),
which is a separate insurer from AAC for purposes of
rehabilitation. The rehabilitation does not include AAC or its
General Account. …"
To read the entire report visit:
http://www.stockpreacher.com/n/ABK
See what investors are saying about ABK at penny stock forum
StockPreacher.com is a small-cap research and investment
commentary provider. StockPreacher.com strives to provide a
balanced view of many promising small-cap companies that would
otherwise fall under the radar of the typical Wall Street investor.
We provide investors with an excellent first step in their research
and due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
information on StockPreacher, please visit:
http://www.stockpreacher.com.
StockPreacher.com Disclosure
StockPreacher.com is not a registered investment advisor and
nothing contained in any materials should be construed as a
recommendation to buy or sell any securities. StockPreacher.com is
a Web site wholly owned by BlueWave Advisors, LLC.
StockPreacher.com nor its affiliates have a beneficial interest in
the mentioned company; nor have they received compensation of any
kind for any of the companies listed in this communication. Please
read our report and visit our Web site, StockPreacher.com, for
complete risks and disclosures.
CONTACT: StockPreacher.com
Nic Lesmeister
(469)-252-3505
info@stockpreacher.com
Grafico Azioni AMBAC (NYSE:ABK)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni AMBAC (NYSE:ABK)
Storico
Da Lug 2023 a Lug 2024