I am hoping for a better than expected EPS. Presently analysts are predicting -0.93. I am hoping for half of this or even closer to break even point.
One PR: April 14 2009
Like others in its industry, Ambac was hit hard in the past two years by losses on its coverage of risky financial instruments such as mortgage-backed securities and has been working to reduce its exposure to such debt instruments. Last month it reported a narrower fourth-quarter loss, though it still totaled $2.34 billion as the company cut the value of certain holdings, set aside more cash for potential losses and reduced its exposure to its riskiest insurance products.
We also has some insiders buy stock. It was not a huge amount, but is a sign that they are willing to buy ABK.
Good luck to all.
Cheers
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