DALLAS, July 29, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Altair Ambac Financial Group Inc. (NYSE:ABK). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/ABK
ABK is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.
Ambac Financial Group Inc. (ABK) is 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. ABK'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.
Message Board Search for ABK: http://www.boardcentral.com/boards/ABK
In the report, the analyst notes:
"ABK recently announced first-quarter 2010 net loss of $690.1 million, or net loss of $2.39 per share. This compares to a first-quarter 2009 net loss of $392.2 million, or net loss of $1.36 per share. The first-quarter 2010 results reflect a loss reported as a result of a new consolidations accounting standard.
"ABK recently announced that it has completed the sale of its advisory services subsidiary, RangeMark Financial Services Inc. to the company's management. The sale was completed Friday, July 16, 2010. ABK will continue to contract with RangeMark for certain valuation services for a period of time."
To read the entire report visit: http://www.microstockprofit.com/lp/ABK
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