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Strategies & Market Trends : cash-rich dot bombs

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To: bush-4-prez who wrote (33)	12/17/2000 5:31:04 PM
From: blankmind	Read Replies (2) of 184

- how do you think you got your policy for 50% less than Allstate? - It's very costly to market insurance, pay a broker, staff an u/w dept... etc... etc... - Quotesmith.com is going around to all the insurance companies, taking on the marketing expense. But none of the insurance risk. QUOT only brings together the insurer & the buyer, i.e., only the broker - Is there potential? Big time. If you look at Marsh McClennan & some other, insurance brokers are oftentimes the most profitable. They take a commission; renewal premium; etc... & assume none of the losses - QUOT is coming out of the starting blocks. But w/ cash on hand of $32.1 million, or $1.67 per share - & no debt; share price of $.80 - I think the stock has been unfairly beaten down - & I think they can become extremely profitable over time

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