Ambac Financial Group Inc. is Today's Focus Stock on MicroStockProfit.com
29 July 2010 - 8:50PM
MicroStockProfit.com announces an investment report featuring
Altair Ambac Financial Group Inc. (NYSE:ABK). The report includes
financial, comparative and investment analyses, and recent company
news that you need to know to make an educated investment decision.
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The full report is available at:
http://www.microstockprofit.com/lp/ABK
ABK is trading above its upper Bollinger Band. Relative to
recent price action, the stock is currently overextended and due
for either a pause or retracement.
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 provided 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.
"ABK recently announced that it has completed
the sale of its advisory services subsidiary, RangeMark Financial
Services Inc. to the company's management. The sale was completed
Friday, July 16, 2010. ABK will continue to contract with RangeMark
for certain valuation services for a period of time."
To read the entire report visit:
http://www.microstockprofit.com/lp/ABK
See what investors are saying about ABK at penny stock forum
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