Hi,
In last year 2007, in my post Berkshire Hathaway get license for bond insurance, we had seen Warren Buffett make move in to their municipal bond insurer business. Early in 2008, we also see Ajit Jain, who runs Berkshire's insurance businesses make some deals in my pervious post Warren Buffett's Berkshire Hathaway Assurance Corporation.
We also see Ambac and MBIA two bond insurers stock prices keep falling since Berkshire Hathaway Assurance Corporation has appear. MBIA Inc stock price has fallen from its 52 weeks high of $76.02 to $8.55 and Ambac Financial Group Inc stock price has fallen from its 52 weeks high of $96.10 to $6.20.
Friday Associated Press reported that bond insurer Ambac Financial was downgrade by Fitch Ratings, cutting the company's crucial financial strength rating to "AA" from "AAA." Could it be a bad thing for bond insurers? Or is it just a bargain for investor?
In (AP) report, Warren Buffett's Berkshire Hathaway Assurance Corporation could get a boost. Warren Buffett launched a new bond insurance business in December that has an "AAA" credit rating and a solid balance sheet. View Ambac Downgraded, Cities Seen at Risk for more information.
For more news about Warren Buffett's Berkshire Hathaway Assurance Corporation:
Credit squeeze woes open the way for Buffett
Warren Buffett's Berkshire May Invest in Bond Insurer (Update4)
Buffett's bond insurer
Credit market fears open the way for Buffett
Buffett Makes 1st Foray in Muni Bond Insuring-Sources
Let us take a look at the Business Events for the Coming Week. The stock market had its fourth weekly loss. Will the Stock market continue to fall or will things get better? Can we get some good deal like Mr. Buffett? What is the bargain we could get now? Please give me your comments.
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