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Strategies & Market Trends : Value Investing

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To: Bob Rudd who wrote (13549)1/4/2002 2:10:32 PM
From: Bob Rudd  Read Replies (1) of 78572
 
Asbestos exposure: This comment from Merrill report on HAL highlights the explosive uncertainty <<The four recent high profile adverse asbestos cases against Halliburton highlight the risk of relying on historical settlement rates for projecting HAL’s potential future liability. These cases have averaged $1.4 million versus HAL’s historical rate of $758/claimant.>>That's 1,850 times the prior average!
Also stumbled on this interesting read on Lloyd's and asbestos truthaboutlloyds.com
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