Ambac Financial Group Inc (AMBC)

[BreakoutÎnvestments]

Joined you all today

Here are the reasons:

Institutions still own 91%+ of the float
The enterprise value is 56% higher than the market cap
Analysts are still saying to hold
Got an insider buy yesterday at $2.60
Next year is expected to bring in .56 in earnings (average from 7 analysts)
They are anticipating a $500 million capital cushion by the end of the second quarter
They have no current plans to raise additional capital
They have a solid franchise with a 37-year history of serving financial markets.
A quote from the CEO this week, "I remain confident that as further clarity develops around our portfolio, Ambac’s strong business prospects will be realized.”
And of course, there are more, but the above provides a fair amount of reading material :Thumbsup:

Book value per share: $9.38

And of course, the chart:






Favorite Boards:
http://www.investorshub.com/boards/board.asp?board_id=9553
http://investorshub.advfn.com/boards/board.asp?board_id=4929

All annotations and statements are in my opinion