View Full Version : ABK Ambac Financial Group Inc
Another bottom play. The company has $7Billion of home mortgages and in a chicken fight with its Bond debtors. They want a new deal or bankruptsy! They just reniged on their first payment and want a deal.
$7B thrown into a legal quagmire? I don't think so.
Banks are buying up this stock at this price.
A deal could send this to $2.00+ in a snap.
Revenues will be out Nov 9th.
I'm in @ .41 and .47
I may be the stupidest guy in here! Last two days in the green may be a nice little flip from down here.
Chapter 11 after the close today! I hope you bailed out before the bad news as it went down 60 % to .22 in AH trading.
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