Mbi

Something got to give. ABK, MBI or CFC. One or more will go out of business.

Too risky to take a substantial stake. Look at Warburg, $500 million at $31. They must be kicking themselves in the head.
 
Holy crap. ABK is down to $5.90 and MBI is at $8.95.

Now both companies COMBINED are probably valued at nothing.
 
Quote from lwlee:

Holy crap. ABK is down to $5.90 and MBI is at $8.95.

Now both companies COMBINED are probably valued at nothing.
More...


Amazing.....
 
52 week high $96.00.






AMBAC FINL GRP INC (NYSE:ABK) Edit
Last Trade: 5.75
Trade Time: 10:05AM ET
Change: Down 7.22 (55.67%)
Prev Close: 12.97
Open: 8.36
Bid: N/A
Ask: N/A
1y Target Est: 44.56

Day's Range: 4.50 - 8.55
52wk Range: 12.92 - 96.10
Volume: 15,360,387
Avg Vol (3m): 9,775,540
Market Cap: 583.91M
P/E (ttm): 2.63
EPS (ttm): 2.178
Div & Yield: 0.84 (4.00%)
 
My last assignment I had a colleague who worked at MBIA and had just moved over to JPM before the whole mess.

He decided to take a position in MBIA at around mid 30s in Nov. He said MBIA only did quality stuff, none of that subprime crap. Shows you what he knew.

His guaranteed bonus was probably wiped out by this dog. I did tell him before my assignment was over he should count his blessing that he moved. Good chance he would have gotten laid off if he had stayed.
 
short the bounces guys. MBI is the easiest money you will ever see in your life. use SSFs if no shares are avaliable
 
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