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Stocks To Watch Today News and commentary about the stocks you need to know about today Search Stocks To Watch Today May 20, 2010, 3:14 PM ET Ambac’s Credit Swaps Soar; Is There Hope? By Tiernan Ray Shares of bond insurer Ambac Financial Group (ABK) are off 6 cents, another 6%, today after a 27% drop in the two trading days since Monday, as the company Tuesday reported its net loss widened significantly. And today, the cost to ensure the company’s credit against default has soared by 77%, according to CMA, with a price of roughly $29 million on every $10 million of debt, a spread that seems to defy logic. People are in other words pricing the company for bankruptcy, which is a place that Ambac has been before, I should note. Is this it? Is Ambac toast? Is it the stock a call option? http://blogs.barrons.com/stockstowatchtoday/2010/05/20/ambac… |
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| aus der Diskussion: | AMBAC REBOUND- Ratings, Analysen, Charts, News |
| Autor (Datum des Eintrages): | Aktientitan (21.05.10 07:13:07) |
| Beitrag: | 104 von 133 (ID:39561153) |
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