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

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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Comments (2)
  • Obelisk2121
    , contributor
    Comments (40) | Send Message
     
    It's about time people started talking about this.
    16 May 2013, 05:29 PM Reply Like
  • Manus
    , contributor
    Comments (2) | Send Message
     
    Assured Guaranty (AGO) can be considered a template of the value that Ambac could capture. The other one is the 4B NOL's...
    21 May 2013, 02:59 PM Reply Like
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