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Strategies & Market Trends : Stock Crashes
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To: Imran who wrote ()5/29/1997 1:34:00 AM
From: Art Hampton   of 400
 
Check out HOMS for a spectacular crash. I bought at 5/16, it can go lower, I know, but it would be quite a trick.

Home State Holdings is an insurance holding company which swallowed many firms, made nice profits but choked on some winter storms that increased accident claims and some other problems, such as a 'take all comers' law that forced them to sell insurance to higher risks than they were used to.

AM Best, an insurance rating firm has downgraded them to D. Does that stand for death?

I'd love to see this one climb out of the crypt.
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