Government 'Fixes'...Unintended Consequences
Bruce Krasting
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Wed, Jan 12, 2011
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Ambac Pressured Amid Dire ReportsoptionMONSTER • Tue, Nov 10, 2009 -
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Ambac Options: Bulls Charge InoptionMONSTER • Tue, Jun 23, 2009
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Thoughts on Fed QE2, A Hawkish ECB and the Foreclosure MessErwan Mahe • Wed, Oct 20, 2010 -
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Tuesday Options RecapFrederic Ruffy • Tue, Jul 27, 2010
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Visualizing the 5 Most Shorted IndustriesKapitall • Fri, Jul 16, 2010
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Ambac Financial Group, Inc. Q3 2009 Earnings Call TranscriptWed, Nov 4, 2009 • 3 Comments
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Ambac Financial Group, Inc. Q2 2009 Earnings Call TranscriptFri, Aug 7, 2009
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Ambac Financial Group, Inc. Q1 2009 Earnings Call TranscriptMon, May 11, 2009
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Ambac Financial Group, Inc. Q4 2008 Earnings Call TranscriptWed, Feb 25, 2009
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Ambac Financial Group, Inc. Q3 2008 Earnings Call TranscriptWed, Nov 5, 2008
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Ambac Financial Group Inc. Q2 2008 Earnings Call TranscriptMon, Aug 25, 2008 • 1 Comment
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Ambac Financial Group, Inc. Q1 2008 Earnings Call TranscriptWed, Apr 23, 2008
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Ambac Financial Group, Inc. Q4 2007 Earnings Call TranscriptWed, Jan 23, 2008
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Business Wire (Apr 8, 2013)
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Business Wire (Mar 27, 2013)
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Business Wire (Mar 7, 2013)
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Business Wire (Feb 28, 2013)
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at CNBC.com (Feb 10, 2011)
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at MarketWatch.com (Nov 9, 2010)
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at MarketWatch.com (Nov 9, 2010)
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at MarketWatch.com (Nov 9, 2010)
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at MarketWatch.com (Nov 8, 2010)
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at MarketWatch.com (Nov 8, 2010)
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at MarketWatch.com (Nov 8, 2010)
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at MarketWatch.com (Nov 8, 2010)
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at MarketWatch.com (Nov 2, 2010)
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at CNBC.com (Nov 1, 2010)
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at MarketWatch.com (Nov 1, 2010)
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at MarketWatch.com (Nov 1, 2010)
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at MarketWatch.com (Nov 1, 2010)
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at CNBC.com (Nov 1, 2010)
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at MarketWatch.com (Nov 1, 2010)
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at CNBC.com (Nov 1, 2010)
AMBC vs. ETF Alternatives
Company Description
Ambac Financial Group, Inc. (“Ambac”), headquartered in New York City, is a holding company whose subsidiaries, including its principal operating subsidiary, Ambac Assurance Corporation (“Ambac Assurance”), Everspan Financial Guarantee Corporation, and Ambac Assurance UK Limited, provided... More
Sector: Financial
Country: United States
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, June 11, 12:09 PM It's no surprise Detroit is set to seek bondholder concessions, but what exactly is the exposure of bond insurers Ambac (AMBC), Assured Guaranty (AGO), and MIBA (MBI)? The raw numbers look imposing for Assured and MBIA, writes Mark Palmer, but much of their exposure is through utility and water and sewer bonds - presumably these would continue to flow even in a bankruptcy, and their revenues along with them. The exposure for Ambac is minimal. Comment! [Financials]
- Thursday, May 16, 4:33 PM 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. 2 Comments [Financials]
- Monday, April 22, 3:42 PM Judge Richard Kramer drops Moody's (MCO +0.2%) and Fitch from a lawsuit against Ambac (ABKFQ.PK +6.7%), after the plaintiff's lawyer says claims against the two ratings agencies "have been resolved." Several cities and counties filed suit against Ambac in 2008 alleging a conspiracy to compel municipalities to purchase unnecessary insurance. Comment!
- Tuesday, April 9, 11:28 AM Ambac (ABKFQ.PK) and its affiliates have agreed to pay $101.9M to resolve claims brought by the IRS related to its treatment of credit-default swaps. The settlement could pave the way for the bond insurer to emerge from bankruptcy. Read the official notice here: (Legal Motion) Comment! [Financials, U.S. Economy]
- Tuesday, December 11, 2012, 4:54 PM San Bernardino's creditors square off with a group of Wall Street bondholders arguing they should have the same status as Calpers in the city's bankruptcy proceedings. Among the creditors are Ambac and a unit of MBIA (MBI). A loss by the creditors would have major repercussions for municipal finance - look for the case to make its way to the Supreme Court at some point. 2 Comments [U.S. Economy]
- Wednesday, November 28, 2012, 10:44 AM The stakes are raised as Calpers moves to sue San Bernardino over the bankrupt city's decision to halt its bi-weekly payments to the fund. The precedent-setting case will have major implications for the way bondholders and insurers are treated in a municipal bankruptcy. If Calpers loses - good for creditors. If Calpers win - not so good. It's hard to imagine this not making its way to the Supreme Court. Comment! [U.S. Economy]
- Thursday, July 14, 2011, 3:47 PM A NY appeals court restores Ambac's (ABKFQ.PK) $1B lawsuit against JPMorgan (JPM) over an investment vehicle that suffered major losses because of its exposure to subprime debt. The court says Ambac "has sufficiently alleged gross negligence" by JPM. Comment! [Financials]
- Tuesday, November 9, 2010, 2:54 PM Ambac (ABK) sues the U.S. to block seizure of $700M of tax refunds that it says could destroy its ability to reorganize in bankruptcy court (earlier). Ambac seeks a court order letting it keep the refunds, declaring it has no tax liability from 2003 to 2008. 1 Comment
- Monday, November 8, 2010, 6:08 PM Ambac (ABK) files for Chapter 11 bankruptcy (.pdf). Shares -63.5% to $0.19 AH. 5 Comments
- Monday, November 8, 2010, 4:55 PM Ambac (ABK) shares plummet after hours on a Bloomberg report that the bond insurer may file for bankruptcy as early as this week. Ambac missed a debenture interest payment last week and said it may file for bankruptcy by the end of the year because it has been unable to raise new capital. ABK -23.1% AH. 6 Comments
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Thursday, November 4, 2010, 9:10 AM
Premarket gainers: AERL +16%. SRZ +12%. URRE +11%. WFMI +10%. QCOM +8%. UL +7%. TSEM +7%. GPS +6%. AUY +6%. FBC +6%. CRH +6%. WEN +5%. HBC +5%. URZ +5%. BHP +5%. RIO +5%. GOLD +5%. SLW +4%. BCS +4%. GFI +4%. PAL +4%. GBG +4%. SVM +4%. MU +4%. NG +4%. FCX +4%. ABK +4%.
Losers: PPO -7%. HDY -7%. ALU -6%. MAKO -5%. BIG -4%. GEL -4%. POT -4%. Comment! -
Tuesday, November 2, 2010, 9:20 AM
Premarket gainers: ARTG +47%. BPI +15%. RDN +10%. MPEL +9%. NVMI +7%. PLG +7%. TSEM +5%. ABK +4%. LGND +4%. NBG +4%. MT +4%. MA +4%.
Losers: MSPD -17%. MVIS -10%. ENR -9%. ESLR -8%. PCBC -8%. TRS -7%. CLX -7%. TLCR -5%. HK -5%. ADM -5%. SWI -4%. TLK -4%. Comment! - Monday, November 1, 2010, 1:06 PM With the toxic part of Ambac's (ABK -40.5%) business seized earlier this year, and competitors clearing out, "only child" Assured Guaranty (AGO +0.9%) has the bond insurance market to itself - so why's it down 12% this year? The business itself may be terminal, with little long-term viability to be seen. (earlier: ABK plunges) Comment!
- Monday, November 1, 2010, 9:43 AM Zero Hedge sticks it to Jim Cramer, lambasting the CNBC pundit's earlier pitch to chase the "animal spirits" in Ambac (ABK -51.2%), now nearing bankruptcy: Those who followed his clarion call "are now facing yet another complete loss... as Cramer-espoused momentum trading is proven once again to lead to nothing but financial ruin." 19 Comments
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Monday, November 1, 2010, 9:00 AM
Premarket gainers: AVNR +114%. XCO +38%. FTNT +27%. YRCW +20%. SUR +19%. JKS +16%. NGD +4%. ACOR +4%. RTN +4%. CTIC +4%.
Losers: ABK -48%. WL -44%. ANAD -17%. NBG -4%. Comment! - Monday, November 1, 2010, 8:21 AM Ambac (ABK) plunges 40% after its board decides not to make today's interest payment on its 2023 notes. "To date, the Company has been unable to raise additional capital as an alternative to seeking bankruptcy protection. As such, the Company is currently pursuing, with an ad-hoc committee of senior debt holders, a restructuring of its outstanding debt through a prepackaged bankruptcy proceeding." 1 Comment
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Michael Bryant
Ambac Financial Group (AMBC) looks like free money with the $1 billion lawsuit. http://reut.rs/qS844I - View all 0 replies
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CRUDE GOLD
The AMBC 6 months chart will become a classical for US financial stock. Both JPM and HSBC will pay for gold manipulation. GS will stand up. - View all 0 replies
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Andrew Shapiro
$AMBC Ambac files for bankruptcy relief. Too bad for those who followed Cramer into this one too. - View all 0 replies
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David White
AMBC shares fell by about 50% after it said it missed a Nov. 1 interest payment. It warned it may file for bankruptcy. Not exactly a shock! - View all 0 replies
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