Ambac Does It Again - Reggie Middleton

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Ambac Does It Again
Apr 24, 2008 08:55 AM UTC

Reggie Middleton

Return	Risk
+52.62%	MID

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Symbol	Sentiment	Start	Return	Closed
MBI		04/24/08	+59.87%	--
ABK		04/24/08	+76.33%	--

Via Short Stock Ideas from Seeking Alpha:

I apologize if I seem defensive or full of myself, but often when I
strike out with a contrarian opinion, I get a lot of negative feedback.
It often causes me to view things defensively. Case in point - Ambac.
When I first released my analysis on this company, I said:

Ambac is Effectively Insolvent & Will See More than $8 Billion of Losses with Just a $2.26 Billion equity base.

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