The asbestos liability issue got more attention in the media about ten years ago, and so correspondingly, also here. At the time, the respected thread contributor here, professional value analyst and then fund manager, Jim Clarke, recommended to just avoid any stock with asbestos liability because it was likely you couldn't quantify the risks (exposure costs). That advice served me well, if I remember. Basically, if a hard-core analytical guy (Jim Clarke) couldn't ascertain the risk/reward proposition, then that killed it for me. Maybe issues/risks/numbers are more clear to analysts now, now that it's about a decade later.
Still for me, if I see any company that has asbestos issues, I automatically avoid it. |
