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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Keith J who wrote (10173)	3/12/2000 12:58:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78549

Thanks for the note on ANAT, Keith. I'll look at ANAT (again). The company is run by the Moody family who also control NWLIA, which I own. The knock on these companies (other than they are unpopular/lousy(?) businesses to be in) is that there's much self-serving (maybe incompetence too) by the Moody family. As a result, both these companies, I submit, almost always look attractive to value investors but rarely deliver stock market performance. (I am trying to be patient in awaiting such a rare moment.) Paul Senior

To: Keith J who wrote (10173)	4/6/2000 4:17:00 AM
From: Paul Senior	Respond to of 78549

Keith, now would be the time to consider ANAT, imo. This would be a value stock for the really patient, buy-and-hold value investor imo. A difficult stock for normal people -g-. The Moody family controls and they have their agenda. But a stock buyer now gets the stock 50% below a slowly growing book value, at a relatively low price/sales, with no long term debt, some-but-not-much sales growth, pe under 5 and dividend yield approaching 6% (which looks like it gets bumped up every year). I would say with ANAT - a "difficult" business (insurance- and maybe they're not so alert or equipped to handle the internet) - there's still a good margin of safety with the stock/company, albeit not a heck of a lot of prospects for great capital gains. jmo, and I've been wrong many, many times. Paul

To: Keith J who wrote (10173)	4/5/2001 3:55:23 PM
From: Paul Senior	Respond to of 78549

Keith Jamison; insurance stocks: I'll start ANAT now. Still sorry I passed it when we discussed it last March. Not happy about stepping up for it now at higher price, but I will. And, I was too unsure of FFH in mid 20's last year too; ANAT's now got an offer to buy it for $44 in a few months. C'est la vie. ----------- Looking for a re-entry point for NWLIA. Starting to take profits in my small position of MKL. fwiw, Paul Senior

To: Keith J who wrote (10173)	7/1/2006 12:41:16 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78549

ANAT. I've not forgotten ANAT. Indeed, EVERY single trading day for almost two and a half years I remember writing this, and I have been waiting, waiting: "ANAT announces 2003 net income: biz.yahoo.com I continue to bet that one day the stock price/sh. will hit the book value/sh. figure." Message 19779172 ----------- Well, TODAY'S MY DAY!! ( Stock price ~$129/sh. Book value ~$128/sh.) -g-. But now what do I do? -g- (Shares purchased 04/01 ($68.14) and 12/01 ($78.51)) Message 15621571 finance.yahoo.com