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GuruFocus Updates (Free subscription) | 07/22/2008
David Williams runs Columbia Value and Restructuring Fund. his fund averaged more than 15% over the past 5 years. Over the lifetime of his fund, he has gained more than 10% annually. These are his buys and sells during the second quarter of 2008. David Williams owns 132 stocks with a total value of $10.408 billion.
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Market Wire - Investment Opinion (Free subscription) | 07/09/2008
LONDON (MARKET WIRE) MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Through our numerous partnerships with many of the top investment minds in the world, we provide research on companies making a move in the markets. Investors seeking genuine analyst opinions on their investments for Ambac Financial Group Inc. (NYSE: ABK), Alcatel-Lucent (NYSE:...
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Market Watch (Free subscription) | 07/09/2008
Bond insurers MBIA and Ambac Financial rose sharply in early trade Wednesday, as the rest of the financial sector sank lower on worries about rising oil prices and continuing credit jitters.
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Seeking Alpha (Free subscription) | 07/09/2008
James West submits: Ambac Financial Group Inc. (ABK) is in serious trouble. Monday’s high trader for the day, the company has seen its share price deteriorate from a high in May 2007 of $96 to yesterday’s close of $2.73. MidasLetter.com correctly predicted the collapse of this stock in the February 2007 issue of the Resourcex Investor. Complete Story »
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GuruFocus Updates (Free subscription) | 07/09/2008
On July 7, 2008, Ambac Financial Group, Inc. (â??Ambacâ?) issued a press release announcing that it has had positive discussions with the Office of the Commissioner of Insurance for the State of Wisconsin (OCI) regarding a plan to capitalize its Connie Lee subsidiary with an $850 million contribution of capital by Ambac Assurance Corporation (AAC).
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CNNMoney.com (Free subscription) | 07/08/2008
Shares of Ambac Financial soared by nearly 50% Tuesday after the bond insurer said it had ample collateral despite downgrades from credit raters.
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Unfortune (Free subscription) | 07/08/2008
Shares of Ambac Financial soared by more than 50% Tuesday after the bond insurer said it had ample collateral despite downgrades from credit raters.
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Market Watch (Free subscription) | 07/08/2008
SAN FRANCISCO (MarketWatch) - Ambac Financial shares surged more than 50% on Tuesday after the bond insurer disclosed collateral-posting requirements for its guaranteed investment contract business that were smaller than some investors feared.
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DealBook (Free subscription) | 07/08/2008
Ambac Financial Group said it has enough funds to meet obligations, but if its ratings are cut too far below current levels, it may have to use assets from a regulated subsidiary to pay off its obligations. “We have ample liquidity to manage our commitments going forward,” Michael Callen, the bond insurer’s chairman and chief executive, [...]
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Word on the Street (Free subscription) | 07/08/2008
As previously noted, the bond insurer got the attention of traders last Thursday when it surprisingly announced that its Board of Directors authorized up to $50 million for share repurchases of its common stock. The news was also oddly timed – it came an hour and a half before the closing bell on a pre-holiday [...]
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Financial Time (Free subscription) | 07/08/2008
Ambac Financial Group is pushing ahead with plans to remould its Connie Lee subsidiary in the shape of its former municipal bond insurance business
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Reuters (Free subscription) | 07/08/2008
NEW YORK (Reuters) - Ambac Financial Group Inc said it has enough funds to meet obligations, but if its ratings are cut too far below current levels, it may have to use assets from a regulated subsidiary to pay off its obligations.
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traderthoughts.com | 03/03/2008
The past week started on a seemingly strong note, with the positive sentiment witnessed towards the end of last Friday (February 22) carrying forward on Monday, after S&P reiterated its top rating for Ambac Financial and took MBIA off its credit watch list. The front-line indexes held on to their gains over the following two trading sessions, managing to shrug off the weak economic data on the back...
