Ambac financial - buy time?
Insiders just bought 100,000 shares and the stock popped 28%. Overbought?
or do you think this is a trend that can keep going?
Answers
677 points
Dragonsbane answered 9 months ago …
I think the trend is down. And that trend can definitely keep going. Their primary issue is that the business model is dead. They've even admitted that they have written any new business since their credit rating was called into question. Who would buy insurance from these jokers, when they can get it from a "real" AAA rated Berkshire Hathaway company?
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2703 points
MNSL answered 9 months ago …
I think this is not the time to play high risk game. Rather than concentrate on troubled companies like this it is better to look for alternative undervalued stocks with long term potential. We should watch what intelligent investors do during period like today.
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