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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (27615)	12/17/2001 8:21:32 PM
From: Crossy	Read Replies (2) of 29382

Sergio, as I see this insurance industry "banding together" is easy : NO WAY. MAXF booked it as a sort of "earnings replacement" because it was a BUSINESS INTERRUPTION type of isnurance. I thin it's quite logical to treat it this way. If there were a legal dispute going on the next 10-Q and 10-K should tell us more.. Additionally I would caution to appraise a company on a single quarter anomaly. The fact that this issue might end up in court should not have any impact on Maxcor's future revenue and earnings potential. In fact the 9/11 issues should really be preempted by the market by now. Uncertainty is omnipresent in the area of insurance. Both sides will enlist good attorneys, you can bank on this. So my view here is: even if there might be a "problem" with this quarter's numbers (ex post facto) which I highly doubt - it won't affect Maxcor's future and to me that is what matters. Market share calculations done in September are a tad odd to me because of the anomalies contained in them. I would rather listen to MAXF's upcomin conference calls and their next filings.. Finally Swiss firm CFT (Companie de Tradition) and some others might end up as potential suitors of MAXF. rgrds CROSSY

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