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Strategies & Market Trends : Value Investing

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To: MCsweet who wrote (32557)	11/14/2008 9:57:19 AM
From: MCsweet	of 78683

ABIX posted earnings of 0.77 for last quarter, even better than I expected. ABIX currently trading at 4.60 this morning. Very sparse details --- further details will likely come on the website later. I expect next quarter to continue to be strong. Still trading well below book value and has a history of solid profitability. Also I think hurricanes more likely in the future due to changing global conditions, so this earnings while not the norm, are not a one-time event in my view. In happier times, I'd hazard to guess this stock would be up at least 50% on this news. Don't know about in these times. MC

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