It is no great mystery that Warren Buffett of Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) is still one of the most followed and most revered "long term value investors" on the planet. Any time…
Ambac (NYSE: ABK) was able to keep its Moody’s Aaa rating, In the process it had to cut its dividend from $.07 to .01. The bond insurance company said it would also suspend all…
Point Asset Management, Inc. has filed to sell up to $250 million in an initial public offering and it will trade on the New York Stock Exchange under the symbol “PNT.” Deutsche Bank is…
Moody’s is affirming the current ratings and capital ratios at Ambac Financial Group, Inc. (NYSE: ABK), although there is not a downgrade being issued. Moody’s has noted that Ambac’s capital is currently under its…
It looks like the American Stock Exchange, and ultimately the New York Stock Exchange (NYSE: NYX) after the two merge, is going to get some competition for all of the IPO’s in Special Purpose…
This morning we have another negative note out of Goldman Sachs calling for investors to be long volatility in financial stocks where the options prices are reasonable in companies that have exposure to troublesome…
Assured Guaranty Ltd. (NYSE: AGO) may not be the largest household name for a bond insurer or financial guarantor when you consider the woes of Ambac Financial (NYSE: ABK) and MBIA (NYSE: MBI). But…
One of the nice things about writing down assets is that they often get to be written up later. Big banks and insurance companies have something to look forward to beyond these dismal days…
On Thursday morning we’ll get to see earnings out of Freddie Mac (NYSE: FRE). The estimates from First Call for the government sponsored entity are roughly -$2.34 EPS on what is listed as -$198.30…
S-1 Corp. (NASDAQ: SONE) managed to be perhaps the biggest earnings surprise of the week. The online platform provider for banking sites reported increased earnings in 2007 with a net income of $19.5 million…
Blackstone (NYSE: BX) cannot be faulted for its creativity the way it can be for its share price. The firm says that it does not need the banks which have walked away from their…
MBIA Inc. (NYSE: MBI) just had its "re" new CEO Joseph Brown on a CNBC interview saying that he signed back on to get MBIA’s market cap back up to $10 Billion. He noted…
S&P reaffirmed the "AAA" ratings for both MBIA (NYSE: MBI) and Ambac (NYSE: ABK). S&P noted that MBIA was removed from CreditWatch and a negative outlook was assigned, meaning it is no downgrade imminent…
There is an interesting report out of Nikkei Net Interactive in Japan, which notes that US-based private equity giant Carlyle is buying a majority stake in a joint venture that produces LCD substrates. The…
On more than one occasion 24/7 Wall St. has said Citigroup’s (NYSE: C) shares could go as low as $15. Now Oppenheimer is saying it agrees. Bloomberg writes "Citigroup may post its second-straight quarterly…