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

To: Tommaso who wrote (12764)	7/12/2001 11:56:34 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78507

Yeah, I've got a feeling how good insurance stocks are. They're very good. Created several billionaires too. Buffett, MacDonald (the guy whose money gives cash awards to creative people for doing what they do), others. But - unfortunately - what I don't have a feeling for is what insurance stocks to buy now that will go up in price in future. -g- I'll have to leave that to another or other posters. In my review of insurance stocks, I found that the large mutuals that went public generally worked out well for investors in those stocks. (I'm doing this from memory, I can't provide facts, and I could be wrong.) Here's my list: finance.yahoo.com (aside: I've got MNY on my watch list since 33; it's now 39, and I'm still not sure what to do.) This thread's mostly a crowd that works by numbers (imo). Not too many here would venture an opinion about a buy or not-buy on a stock without first seeing some numbers. (This too is just my opinion about people here). If you could give some financial pro forma numbers, there are insurance-knowledgeable people here from whom you might be able to get an informed opinion. Meanwhile, you get my opinion - lol! - which is that it SEEMS like you are in a good position. Paul Senior, who although he has long-term positions in several insurance companies... has been wrong many, many times... AND when he's been wrong on insurance stocks... VERY wrong.

To: Tommaso who wrote (12764)	7/13/2001 12:15:36 AM
From: jeffbas	Read Replies (1) \| Respond to of 78507

Without commenting on the merits of Principal, I was in the same boat with MET and took the stock. It subsequently doubled. I think John Hancock was another one which did well. I suspect that these are being priced like the new S&L stocks, so that a good gain is almost in the bag - although it could have just been the timing on the others, before a major drop in rates. What I suggest you do is compare the stock proforma data with others on a Price/Book and P/E basis to see if the valuation looks low.