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Strategies & Market Trends : Value Investing
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To: cfimx who wrote (8766)10/25/1999 8:18:00 PM
From: LauA   of 78667
 
So you're the other one buying UNAM! Premium revenue is dropping - I have been hoping that it reflects the CEO's willingness to not chase business. I have assumed that NAV is tied up in T-bills which the market perceives as losing value with the rise in interest rates. However my understanding is that given no sudden catastrophic loss that requires coverage, they just get rolled - at the new rate. I believe that there was some recent insider buying at above current price.

Lau
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