Long ago, I believe AMBC was one of your picks. These recovering/restructuring bond insurers have given many value investors fatigue.

Thursday, however, MBI common was up 80%+ on news that it was paying an $8 special dividend with the blessings of its regulator. It would seem this would highlight similar opportunities in AMBC which was up 9% in sympathy.

Any thoughts here? Do you plan to revisit the idea?

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