Ambac Financial Group Inc (AMBC)

[fresco]

My sense is that the stock will rise in fits and starts as the BK process grinds through the courts. For the moment Ambac seems primarily concerned with keeping the bad loans sequestered ala the Wisconson Commissioner. But they are also going after the credit agencies and banks as having shared responsibilities. As the litigation proceeds it may go well for Ambac, or not. There's a lot of money at stake and this will directly effect the implied value of the common shares. Parallel to this process is the BK court proceedings which will directly impact the share price. This is a slow process with many unknowns.

http://www.reuters.com/article/idUSTRE6AH62H20101118

There are some very savvy people on this site who deal in these BK stocks. Check out CEMJQ and TRXBQ. These pros are very good at determining share value along the way as a BK stock trudges along in the courts. And just for the record I am not an expert in these matters. I'm learning more by osmosis as I did with CEMJQ, made a good amount of money but not nearly as much as the pros and those lucky souls who stayed on the blogs and held out. It can be nerve racking but playing BK stocks seems to be very lucrative if you learn to pick the right ones and learn the legal and technical processes involved. Ihub is a great place to do this.