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E Nuff Sed » Comments » ABK

  • Evaluating Ambac: Intrinsic Value Withstanding Market Volatility [View article]
    If the CDO are not in default and are still paying interest then mark to market is incorrect. There has beeen a wholesale loss of confidence in the rating agencies, therefore the market has dried up.

    I think in a run off mode (i.e. no or minimal business) the intrinsic value of the company is in the high single digits. If the "connie lee" idea works it could be worth a bit more.
    Jul 27 12:57 pm |Rating: 0 0 |Link to Comment
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