NYSE and Nasdaq stocks trading below $1.00

[martingale]

Heres one for the board to take a look at Ambac Financial Group
(ABK) currently .797cents. They claim to have made $2Billion in Q3 but there are some reports from firms like JP Morgan 11-5-09
they may be close to regulatory seizure for having low reserves.
Ambac is nations #2 largest bond insurer. Caution should be used.
Research and google Ambac to get yourself informed.

Seperately they have a NYSE listed Senior Corporate Debt 5.95% ue 2-28-2103 (yes 93 years down the road) symbol AKF currently at
$5.45 which promises quarterly payments totally $1.49 year. Originally AKF sold at $25 share a few years back. They have made their quarterly payments so far. With a $5.45 price the yield on this is now at 28.7% and obviously some folks feel that they will make good on the payment schedule.

If Ambac survives then the common could make some money down the road. A caution is the CFO has just resigned and thats never a good sign....cooked books etc.

The Senior Corporate Debt might be a better way to go. Check closely on the prospectus but it appears they are senior to
preferred and common shares of course and perhaps more in the event of a BK or seizure.