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Message Boards Settings Ambac Financial Group, Inc. - Quote Info
Positives from the CC~~~      7-Nov-09 08:41 am    
When asked about commutations Sean Leonard answers as follows. Please draw your attention to the first line of the second paragraph. His response seems to elude to a settlement that may have a positive impact on the stat numbers so they have postponed the report:

"I would prefer not to get into details of discussions, just for commercial reasons. The reason why we didn't provide stat numbers is just that they're simply not done yet. We've had a history in the past of doing is – there seems to be increased interest towards end of quarters, particularly in the month succeeding the end of the quarter. That's something that we have reflected in the numbers to make the best estimate of what we think potential claims would be.

Nothing is better than an actual settlement or some type of agreement. That influences the estimate, so we're not done yet. So I really prefer not to comment on where that stands. It's not – we're not talking a long time. We're probably talking a week and a half before those numbers will be made available."

More to follow..............


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wally938

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Positives from the CC~~~
wally938 (2 Ratings) 7-Nov-09 08:41 am  
 
The 400 million NOL: "Arun Kumar – JP Morgan ...
wally938 (2 Ratings) 7-Nov-09 08:43 am  
 
Yeah there's definately some hints toward what has...
pepper_loui... (1 Rating) 7-Nov-09 11:05 am  
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Ambac Financial Group, Inc. (ABK)

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