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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (77487)	3/10/2000 8:22:00 AM
From: pater tenebrarum	Respond to of 132070

Spek, i recently nibbled at the tobacco stocks, based on the view that probably a lot of bad news is already priced in and that their performance will not be hampered much by an economic slowdown. i believe the litigation worries have become overblown at this point and the insiders are buying big. i bought some oil stocks and REITS (have to be very careful when selecting REITS btw. - make damn sure the dividend is safe). right now i'm taking a very close look at the insurance industry. the overcapacity and competitive pressures plus the need to do something for shareholders will probably bring on a wave of consolidation, so this is mainly a play on takeover potential. let's not forget the repeal of Glass Steagall has widened the circle of potential acquirors considerably. i agree btw. that there's a lot of as-of-yet unrealized value in GM... EDIT: i also bought some of Jim Grants pick NLY. another one i'm considering here is Warrens Berkie. regards, hb