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Strategies & Market Trends : Value Investing

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To: doug5y who wrote (12487)	8/21/2002 1:30:53 PM
From: Paul Senior	Read Replies (1) of 78659

Doug Nadworny: Medimals update: Looks like they are all doing lousy business with claims exceeding their expectations. I've looked now at ACAP again. It's a good continuation of what you liked last year: insider buys and stock buybacks. They've been raising rates, lowering policy limits, etc. trying to stay ahead of claims expense. I may start an exploratory position. It seems like it might be an "almost reasonable" bet for an "eventual recovery". All in quotes because insurance business is so arcane: nearly impossible to analyze and understand, plus the ramifications of ACAP's being in both physicians insurance and workers comp. finance.yahoo.com I welcome any opinions related to this area or the particular stocks. Paul Senior

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