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To: yard_man who wrote (139412)12/19/2001 1:28:49 PM
From: reaper  Read Replies (1) | Respond to of 436258
 
Tip, Patron, and anybody else who cares....

Been short this one for going on 2 1/2 years (yes, I am a patient man). It looks to be entering its terminal phase now. Enjoy the financial statements, as they make for excellent reading; take particular note of their counter-party risks. They are in process of getting downgraded by AM Best as well.

You'll get a rally, as sell-side morons keep harping on how "9/11 has caused insurance rates to rise, which is good for the industry." These dopes don't understand how MM makes their money any more than they understood ENE.

My guess is MM gets voted off the island in time to fund a nice July 4th holiday party.

Cheers

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