Ambac Financial Group Inc. is Today's Focus Stock for MicroStockProfit.com
August 31 2010 - 5:50AM
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.
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. 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 a second-quarter 2010 net loss of $57.6
million, or a net loss of $0.20 per share. This compares to a
second-quarter 2009 net loss of $2,368.8 million, or a net loss of
$8.24 per share. The second-quarter 2010 results reflect loss and
loss expenses in consumer asset-backed securities, other structured
finance exposures and a transportation transaction and a net
operating loss in the Financial Services segment, partially offset
by a positive change in fair value of credit
derivatives.
"ABK has withdrawn its plans for the sale of up
to $1 billion worth of securities, as the late filing of its 10-K
for fiscal 2009 annual report debarred it from issuing securities.
ABK withdrew the S-3 registration statement filed on April 1, 2009.
Earlier this month, the Company was also preparing for bankruptcy
protection to restructure its outstanding debt. ABK also fears its
inability to cover its operating expenses and debt service
obligations after the second quarter of 2011."
To read the entire report, visit:
www.microstockprofit.com/lp/ABK
See what investors are saying about ABK at
http://www.stockhidout.com
Get breaking news on ABK at http://thestockmarketwatch.com/
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nothing contained in any materials should be construed as a
recommendation to buy or sell any securities. MicroStockProfit.com
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CONTACT: MicroStockProfit.com
Brian Johnson
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