at Zacks.com (Jan 2, 2015)
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.
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