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

To: TimbaBear who wrote (13668)	1/11/2002 5:01:59 PM
From: 249443	Read Replies (4) \| Respond to of 79125

TimbaBear, I applaud you for staying to what you know best! :) I won't invest in a micro cap unless I see the usual suspects: 1) low Price/Book, 2) low Price/Sales, 3) significant liguid cash assets and 4) insider buying, 5) and a catalyst to move the stock price. I see AIF meeting these conditions with a significant amount of insider buying and a catalyst to move the stock price (new management buying stock, management selling the money losing prop/casualty business which has caused recent losses, and increasing reserves for any additional prop/cas losses). The company will be leaner with a profitable asset base. This leading crop insurance company also bought the 2nd leader in this industry. The company has $0 debt and a book value of $10.52 ($151,739 equity investments/14,427 shares). Marty Whitman always repeats the mantra: a bargain that stays a bargain is no bargain. If I don't see insiders buying the stock and no catalyst -- then count me out. :) I can't figure out why no insider have been buying ref -- for example. No directors for the past year has even purchased 100 shares. This tells me it isn't the screaming bargain that the balance sheet says it is. PS: I love your insights and posts. I respect your ability to stay away from certain industries. Thanks for your feedback.