Buy MBIA (MBI), Assured Guaranty (AGO), and Ambac (AMBC) on any weakness arising from the...


Buy MBIA (MBI), Assured Guaranty (AGO), and Ambac (AMBC) on any weakness arising from the Detroit bankruptcy, writes Mark Palmer. The municipal insurers' exposure to the city is well-documented and quite manageable. What about the domino effect? Find another city with  a 63% decline in population, 78K abandoned buildings , 66K vacant lots, violent crime 5x the national average, and a tripling in unemployment since 2000 and then we'll talk, says Palmer. MBI -1.5% premarket.

Comments (2)
  • DeepValueLover
    , contributor
    Comments (11174) | Send Message
     
    Ambac is the new AIG.

     

    A totally undiscovered financial with so much value that it is almost being GIVEN away by the market at the moment.

     

    An easy double by year end 2014.

     

    19 Jul 2013, 09:25 AM Reply Like
  • randyeyler
    , contributor
    Comments (165) | Send Message
     
    Deep Value Lover

     

    Why is Ambac the new AIG? What about the warrants?
    20 Jul 2013, 10:34 AM Reply Like
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