Recently emerged from bankruptcy, Ambac Financial (AMBC) gains 1.3% AH as BTIG's Mark Palmer...

|About: Ambac Financial (AMBC)|By:, SA News Editor

Recently emerged from bankruptcy, Ambac Financial (AMBC) gains 1.3% AH as BTIG's Mark Palmer initiates with a Buy and $31 price target. View the company less as a monoline insurer back on its feet and more as a long-dated call option on numerous sources of value - $4B in NOLs, the tolling agreement between the holding company and its operating sub, and potential recoveries of losses on MBS it insured.