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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (11971)4/10/2001 5:45:00 PM
From: Paul Senior  Read Replies (2) of 78525
 
Jim Clarke: It was very helpful discussing MBI vs. ABK past couple of years. I've closed out the last of my MBI now. Looks like ABK was, as you've offered several times, the better investment:

finance.yahoo.com

So many cross currents here. In looking back, it NOW seems obvious that MBI and ABK were prime candidates for value investors. But at the time, and with MBI dropping to about 1/2 where it is now, I wasn't at all so sure as I made adds to my position. And given that my general preference is to diversify around a position rather than add to it, I'm surprised and disappointed that I did not buy ABK also when its price was much lower.

Oh well. I'll just continue the hunt for other insurance companies that now seem undervalued.

Paul Senior
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