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Strategies & Market Trends : Value Investing
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To: Bridge Player who wrote (16815)4/11/2003 10:19:18 PM
From: jeffbas   of 78644
 
On ALU, it was warned of here, #16679.

My guess is that the shareholders will end up with nothing, unless some insurance money is paid. That is unpredictable. If you own it, I'd hold it, as you would get a lot more than 17 cents if a reasonable amount of insurance is paid. In addition, if the insurance companies were obligated by contract terms to pay something (even in the case of arson) and refused to do so, they might now be additionally liable for causing irreparable damage to the company.

However, if I did not own it I would not buy it. I never like investments where the main investment factor (amount of insurance proceeds, if any) is unknowable.
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