Professional
Added to YB: 2025-01-27
Pitch date: 2024-12-31
AMBC [bullish]
Ambac Financial Group, Inc.
-32.52%
current return
Author Info
No bio for this author
Company Info
Ambac Financial Group, Inc. operates as a financial services holding company. It operates in two segments, Specialty Property and Casualty Insurance; and Insurance Distribution.
Market Cap
$392.1M
Pitch Price
$12.70
Price Target
N/A
Dividend
N/A
EV/EBITDA
218.51
P/E
-11.21
EV/Sales
3.41
Sector
Insurance
Category
special_situation
Third Avenue Small Cap Value Fund Portfolio Holding: Ambac Financial Group, Inc.
AMBC: Selling legacy biz to Oaktree for $420M cash, removing debt. Post-close: high cash, $1.3B tax loss carryforward. Focus on asset-light, high-margin E&S insurance MGAs. Potential for growth, margin improvement, and NAV expansion via acquisitions. Revaluation opportunity as perception shifts from legacy guarantor to profitable insurer.
Read full article (2 min)