Replies to post #3701 on Ambac Financial Group Inc (AMBC)

[mlkrborn]

I SAW IT TOO.. GREAT SINCERE POST WELL APPLAUDED AS THE POST OF DAY.. oppps sorry for ups..

[BigGreen101]

Interesting point of view from another board.

I have to disagree about the take on Everspan. If one reads the 10Qs, Everspan was phased out several years ago, and management was letting the contracts run out. MBI made a move to just focus on municipal loans, the idea that Everspan was going to do the same. But this takes money and a good rating. When you have California running into problems of paying people, it seemed that just a business of ensuring municipal loans (anywhere and at any level of government) was going to be a hard sell.

ABK has been at a loss for several quarters. I was hoping they would have turned the corner the last 10Q, but they did not and posted a loss.

I think we are getting close to another opportunity to buy in. The stock touch $1 on Friday. It might go a little lower.

Good luck to all.