Added to YB: 2025-01-02
Pitch date: 2024-11-14
AMBC [bullish]
Octave Specialty Group, Inc.
-62.2%
current return
Author Info
No bio for this author
Company Info
Octave Specialty Group, Inc., an insurance holding company, primarily engages in the specialty property and casualty insurance business in the United States and the United Kingdom.
Market Cap
$211.3M
Pitch Price
$12.17
Price Target
23.00 (+400%)
Dividend
N/A
EV/EBITDA
38.03
P/E
-2.38
EV/Sales
2.05
Sector
Insurance
Category
special_situation
Ambac Financial Group, Inc. - $AMBC
AMBC: Transforming from legacy financial guarantor to MGA platform. LFG sale to Oaktree for $420M pending approval. Beat Capital acquisition for $280M. Pro forma: $270-290M cash, no debt. Cirrata MGA $30M EBITDA. Everspan P&C $134M BV. $1.3B NOLs. Upside to $22-23, downside $13-14. Key risks: deal approval, capital allocation.
Read full article (9 min)