Ambac Financial Group Inc. (ABK)
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ABK Forum Topics
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- General Discussion on ABK
- What Should Ambac's Connie Lee Be Rated? [view article]
- Bullish on Wachovia - Cramer's Lightning Round (9/5/08) [view article]
- 10 Financial Entities On the Brink [view article]
- Residential Real Estate: How Much More Pain? [view article]
- Wall Street Breakfast: Must-Know News [view article]
- 4 Tidbits from Third Avenue Value Fund's Q3 Letter [view article]
- Risk/Reward Analysis Makes Financial Insurers a Buy [view article]
- Financials and Housing: The Outlook Remains Ugly [view article]
- Monoline Stock Price Rally Overdone [view article]
- Lehman Brothers Take-over: Implications for Financials [view article]
- Ambac Financial Group Inc. Q2 2008 Earnings Call Transcript [view article]
loading ...Recent ABK Articles
- What Should Ambac's Connie Lee Be Rated?
- Wall Street Breakfast: Must-Know News
- Residential Real Estate: How Much More Pain?
- Risk/Reward Analysis Makes Financial Insurers a Buy
- Lehman Brothers Take-over: Implications for Financials
- 4 Tidbits from Third Avenue Value Fund's Q3 Letter
- 10 Financial Entities On the Brink
- Monoline Stock Price Rally Overdone
- Financials and Housing: The Outlook Remains Ugly
- Seth Klarman, Meryl Witmer and Marty Whitman - Q2 2008 Portfolio Moves
- Full List of Articles »
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4 Tidbits from Third Avenue Value Fund's Q3 Letter [view article]
I agree completely. I always enjoy any comments from Whitman.I have been a long term holder of TAVFX for many years.
I recently been doing a similar exercise as Whitman. I have been doing some heavy scrutiny of my portfolio. I have been cutting back my number of holdings and concentratin the assets.
I have been using two criteria of where to park the most capital. One is to individual stocks that have held up well during this entire credit crisis, both fundamentally and technically. Second, is to give capital to proven winners and unique assets.
Whitman fits the bill of my second ctiteria. During August and July, i have sold off several funds. I have given most of the assets to TAVFX. Almost tripling my positions since the beginning of July.
Disclosure: my largest fund & ETF positions are AOD, TAVFX, PRPFX and PDP. Largest individual stock positions: DHR, CNI, VFC, SYY, TECH, BWLD, TSCO and RPM.
What has everyone else been doing.
Reply
4 Tidbits from Third Avenue Value Fund's Q3 Letter [view article]
? ReplyLehman Brothers Take-over: Implications for Financials [view article]
Lehman is insolvent and bankrupt! They are facing $65-70 billion in future writedowns - and have a market cap of $10 billion! This buyout rumor was likely planted by those desperate to unload Lehman stock (using Dick Bove as a conduit). Of course, it will NOT be investigated by the SEC or any other US regulatory agency. When will the crooks go to jail? Hasn't the Street ripped the clueless investor for enough money already?Reply
Lehman Brothers Take-over: Implications for Financials [view article]
On ABK and MBI you are missing the point: adjusted book value is the proper metric.Extrapolating from one troubled investment bank to a variety of other types of financial institutions is an exercise in futility - apples to oranges.
Reply
George
Lehman Brothers Take-over: Implications for Financials [view article]
How can you not point out that BAC has not reported a loss Q but reduced positive earnings. That is #1 and has yet to cut the dividend. Someone needs to adjust perspective. The BAC Board does not have a track record of exploiting Shareholders. Reply10 Financial Entities On the Brink [view article]
Not only that but surely a large percentage if not all folks associated closely with these instruments KNEW of their air-thin validity and NOT ONE came forth, even Greenie didn't mutter anything of understandable suspicion....... or at least not loud enough ......On Aug 23 02:42 PM TinyTim wrote:
> The real culprit here is Moodys / S&P who gave stellar ratings to
> all the CDO's salted with sub-prime loans. They're like the accounting
> firms that close their eyes and hold their nose when they sign the
> audit docs. All just skip away and watch the havoc. Reply
Lehman Brothers Take-over: Implications for Financials [view article]
No so sure I would be assuming that because Lehman gets valuated to junk all the related financials would be valuated at the same level. Also no so sure about buying Lehman without assuming its obligations, although it can happened I doubt it and if it does margin calls will start to fullfil those obligations before the deal is closed. Replyrt
Lehman Brothers Take-over: Implications for Financials [view article]
Thanks for the time and effort that went into this article.Although, I do no think that the other financials hinge on "the lehman Factor".
FRE and FNM I believe will be the true gauge, and their outcome will dictate the valuation of the fore mentioned stocks.
Still its great to look at that chart and see most are climbing back to their rightful spots...Book value..that is... Reply
0
Lehman Brothers Take-over: Implications for Financials [view article]
Your assumption that all companies are in the samedire straits as Lehman would seem to beg the issue!
In addition, Lehman would not opt for such a valuation unless it was the last gasp! Many financials
trading below book value are in much better shape
thank you, and some even are at lowered valuations
due to revised accounting mark to market rules!
All in all, you article is a non starter Reply
Financials and Housing: The Outlook Remains Ugly [view article]
Buffett said yesterday on cnbc we arent close to a bottom and we havetoo many houses for the amount of people that can afford them.The bear market for stocks tat got overpriced in 1972 lasted for 10 years.The housing bubble was abigger bubble and should last as long IMO Reply4 Tidbits from Third Avenue Value Fund's Q3 Letter [view article]
Third Avenue Value Fund (TAVFX)Third Avenue Real Estate Value Fund (TAREX)
Marty is a smart young fellow. Reply
Monoline Stock Price Rally Overdone [view article]
And who are you? Come on no name, hide behind the keyboard all you want short boy. At least have the cahones to tell us who you are and what your position is!!! Reply10 Financial Entities On the Brink [view article]
Do any of you with crystal balls bother to check insider trading? How many on the inside will invest a half million in a failure? ReplyFinancials and Housing: The Outlook Remains Ugly [view article]
TomArmistead writes "The transactions that carry the most weight would be paying 20% too much for a house in California, not making the payments, and then in a matter of months being foreclosed and selling for 20% too little."A superb synopsis of leverage-driven bubbles if ever I've heard one. Reply
10 Financial Entities On the Brink [view article]
Big, I have to agree with you on the risks inherent to shorting these banks. But the numbers just don't fit. I won't be short these banks when they reach 0 but I still don't believe they are attractive. These guys, together with WaMu have too many liabilities, too much downside, my guess is that they are allowed to die and then some vultures will pick up their assets.It's so much easier to make money when everything is going up that being a bear is just sad. That being said, you can't be anything but bearish in this environment. Let's hope the institutions that are going to fail fail and the ones that survive thrive in the new financial setting. I still won't touch banks since I just don't know how they are going to make money going forward. Reply