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

To: Jurgis Bekepuris who wrote (12763)	7/12/2001 8:55:23 PM
From: Tommaso	Read Replies (2) \| Respond to of 78507

" Insiders in general are NOT great in predicting stock moves and are NOT great investors." That's simply not true. Insider selling isn't especially reliable, since insiders may have many reasons for needing cash. But insider buying is very often an indication that the company is doing better than outsiders think. But actually I came to this thread on the suggestion of Papaya King with an entirely different question. There seem to be very few people on SI following isnurance companies of any kind. There seem to have been some insurance company IPOs that have not done very well, and I find myself caught up in one and would appreciate any information. Years ago I bought a straight life insurance policy with a mutual insurance company that is now known as the Principal Group. They are "demutualizing" which means they are changing from policy-holder ownership to stockholder ownership, offering stock to policy holders and doing an IPO. They are a huge company, handling more 401K plans than anyone else. I can take money at the IPO price that is long term capital gains or take stock. It's a good bit, about 25% of the face value of the policy. Does anyone have any feel for how good insurance stocks are?