Stock Alert for Ambac Financial Group Inc. Issued by MicroStockProfit
08 Giugno 2010 - 12:50PM
MicroStockProfit.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:
www.microstockprofit.com/lp/ABK
Ambac Financial Group Inc. (ABK) is primarily a holding company
operating through its subsidiaries to provide 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. Its existing investment agreement and derivative product
portfolios are in active runoff, which may include transaction
terminations, settlements, restructuring, transfers and natural
attrition as contracts mature.
Message Board Search for ABK:
http://www.boardcentral.com/boards/ABK
In the report, the analyst notes:
"ABK recently announced first quarter 2010 net
loss of $690.1 million, or net loss of $2.39 per share. This
compares to a first quarter 2009 net loss of $392.2 million, or net
loss of $1.36 per share. The first quarter 2010 results reflect a
loss reported as a result of a new consolidations accounting
standard.
"Reuters recently reported that sellers of protection on assets
guaranteed by Ambac Assurance Corp. will need to pay out 80% of the
amount of insurance they sold, after an auction was held on Friday
to set a value on its credit default swaps (CDS). CDS on ABK's
guaranteed portfolio are worth 20 cents on the dollar, which means
protection sellers will need to pay buyers $8 million per $10
million of insurance they sold."
To read the entire report visit:
www.microstockprofit.com/lp/ABK
See what investors are saying about ABK at penny stock forum
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MicroStockProfit.com Disclosure
MicroStockProfit.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. MicroStockProfit.com
is a Web site wholly owned by BlueWave Advisors, LLC. Neither
MicroStockProfit.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,
MicroStockProfit.com, for complete risks and disclosures.
CONTACT: MicroStockProfit.com
Brian Johnson
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info@microstockprofit.com
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