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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (35776)11/11/2009 2:06:47 PM
From: MCsweet  Read Replies (1) of 78751
 
ABIX,

Even though the stock is a little down since the release, I was actually thrilled with the earnings. Given the recession and the lack of storm activity, I expected their earnings would be way down.

I am happy holding them below book and a reasonable PE here given depressed earnings. I had actually been lightening up a little prior to earnings.

MC
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