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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ambac Financial Grp. Common Stock | NYSE:ABK | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.52 | 0.00 | 01:00:00 |
While the insuring of toxic mortgages and collateralized debt obligation have all but obliterated the Financial Surety & Title Insurance sector, MBIA Inc. (NYSE: MBI) and Ambac Financial Group Inc. (NYSE: ABK) have received an unusual speck of good news. Free report on MBIA Inc. is now available at
http://www.rothmanresearch.com/article/mbi/23716/Jul-22-2010.html
Shares of MBIA Inc. jumped 10 percent last week when golden boy mutual-fund manager Bruce Berkowitz disclosed an 11% stake in MBIA. Berkowitz's fame stems from his role as manager of the Fairholme Fund (FAIRX), which has $14.6 billion in assets. MBIA was nearly destroyed by the financial crisis, with shares plummeting from over $75 three to four years ago, to just over $2 last year.
Ambac Financial Group Inc. is another company reeling from the housing crisis. However, it too has seen share prices increase recently due to investor's confidence in the sector stemming from the Berkowitz investment in MBIA. www.rothmanresearch.com provides technical analysis and free downloadable research report on Ambac Financial Group Inc. by signing up now at
http://www.rothmanresearch.com/article/abk/23715/Jul-22-2010.html
While this is good news, the sputtering economy is still driving municipalities into deficit, which could lead to more bond defaults and more trouble for MBIA and AMBAC.
www.rothmanresearch.com is a source for investors seeking free information on surety & title insurance industry; investors and shareholders of MBIA Inc., Ambac Financial Group Inc. and other companies in this industry are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.
Companies looking for additional media or advertising services can call Blue Chip IR at 1-917-267-8836
About Rothman Research
Rothman Research brings independent company and sector research together, utilizing top financial advisors and investment tactics to provide you with a clear picture of investment opportunities.
For More Information Contact: Jack Benassi info@rothmanresearch.com
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