Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stewart Whitman who wrote (6883)	4/22/1999 12:53:00 AM
From: James Clarke	Read Replies (1) of 78497

Yeah, CNA owns 10% of Global Crossing, which was on their books for $1 billion as of the last quarter, but will be marked up to $2 billion as of March 31. Plus they own a large piece of London real estate property Canary Wharf that was on the books for $25 million but will be marked up to $500 million on March 31. CNA trades well below book value AS OF DECEMBER 31. The math is not hard. The only question is is CNA a crappy enough operation, and is the insurance market bad enough that even that will not move the stock? jjc

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next