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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Odysseus who wrote (14276)10/6/2000 2:17:16 PM
From: alan  Read Replies (1) | Respond to of 18998
 
Highlands Insurance Group - HIC ($9.25) - is the insurer. It was spun out of Halliburton in 1996. Very small firm with no reinsurance. They claim to be indemnified by HAL - interesting! only $318m in shareholders equity which will not go very far with these asbestos claims!



To: Odysseus who wrote (14276)10/6/2000 5:51:15 PM
From: Mr. Pink  Read Replies (2) | Respond to of 18998
 
Insured by Highland Insurance, a microcap company they spun off in '96 who disavows any liability and might not even be able to pay.

MP


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