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AMBC - Puerto Rico Aside Assured Guaranty Is A Buy
Ambac Financial Group Inc.
In the age of growth stock glory, there is very little interest in a rather obscure bond insurance company, regardless of an impressive track record of success. I’m probably not smart enough to create a discounted cash flow analysis for Amazon that I had any faith in, with all the moving parts going on in that company, and the already high expectations priced into the stock. I can, however, look at a company like Assured Guaranty (AGO), where the stock trades at a massive discount to any reasonable analysis of liquidation value, and