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Ambac Financial Group, Inc. (ABK) [hlAlert]

Rating:
Buy ABK
down 99.99 %

Ambac Financial Group, Inc. (ABK) rated Buy

Posted on: Friday,  Aug 3, 2007  9:25 AM ET by Calyon Securities

Calyon Securities rated Buy Ambac Financial Group, Inc. (OTCBB: ABKFQ) on 08/03/2007, when the stock price was $67.67.
Since then, Ambac Financial Group, Inc. has lost 100.00% as of 04/30/2013's recent price of $0.00.
If you would have followed this Calyon Securities's recommendation on ABKFQ, you would have lost 99.99% of your investment in 2097 days.

Ambac Financial Group, Inc. is a primarily a holding company. The Company, through its subsidiaries, provides financial guarantees and financial services to clients in both the public and private sectors worldwide. Ambac?s activities are divided into two business segments. The Financial Guarantee segment provides financial guarantees (including credit derivatives) for public finance, structured finance and other obligations. The Financial Services segment provided investment agreements, funding conduits, interest rate, total return and currency swaps, principally to clients of the financial guarantee business. During the year ended December 31, 2008, the Company discontinued writing new investment agreements and derivative products in its Financial Services segment. Its existing investment agreement and derivative product portfolios are in active runoff, which may include transaction terminations, settlements, restructuring, transfers and natural attrition as contracts mature.

U.S. Equity Research is distributed to institutional accounts within the U.S. and Europe. With the combined efforts and cross-selling of our global institutional sales team and global research efforts we are able to reach leading financial institutions across the globe.
as of 1/1/0001
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(*) Stock Price at the time of the recommendation.
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