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

To: Snowshoe who wrote (12791)	7/15/2001 4:27:57 PM
From: Tommaso	Respond to of 78519

Here's what they claim they will do, on the Principal web site: "The plan details the process for converting Principal Mutual Holding Company from a mutual insurance holding company to a stock company, including distribution to eligible policyholders of 100 percent of the pre-IPO value of the company." If they really do that, it would certainly seem fair. I would assume that the company officers themselves hold policies, and therefore have an interest in a fair conversion. There also should be timely disclosure of an insider buying following the IPO, which would indicate more value than was allowed for. I think I'll go check the insider reports for some of the comanies that have already demutualized.