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Third Avenue Small Cap Value Fund's investment thesis on Ambac Financial Group ($AMBC) — Q4 2024 | Buyside Digest

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$AMBCNASDAQAmbac Financial Group

BULL

Third Avenue Small Cap Value Fund—AMBC

Fund Letter

Q4 2024

Published January 17, 2025

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Price pending

—

—Pitched

Pending market quote

Market CapN/A

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

Ambac Financial Group is undergoing a structural transformation by selling its legacy financial guarantee business to emerge as an asset-light, high-margin insurance operator focused on excess and surplus lines. Backed by a...

— Matthew Fine, CFA and Jason Wolf, CFA

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