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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: arnold silver who wrote (1046)1/16/2003 10:57:20 AM
From: JoeinIowa  Respond to of 23958
 
Arnold,

Back in November thats what scared a lot of people out and the gap we will fill. Arson or not the insurance company has to pay. The company did not set the fire. Bottom line is the insurance company will drag their feet to save themselves as much money as possible. They will then pay off the minimum they can and a final settlement will be reached later. The company has $35M in interruption insurance that may give them an added boost. Like MAXF it takes a while to figure it all out but the bottom line is thats why they paid for the insurance.

Joe



To: arnold silver who wrote (1046)1/16/2003 11:52:30 AM
From: Ken W  Read Replies (2) | Respond to of 23958
 
Arnie

Not sure as to your agenda posting news that is 90 days old, and from raging bull at that, but taking an excerpt from the article I would not be overly concerned about the track record of their arson "investigators". Had I had this sort of track record while working, they would have fired me in the first year. LOL

"Sergeant George White of the Suffolk County Police
Department's arson squad said his unit investigated Allou's 1999
fire and estimated damage at $50,000. The cause remains
undetermined, and the department's investigation remains open, he
said. White said the investigation would have been closed if the
department concluded the fire was an accident.
The National Fire Protection Association, a non-profit
organization that does research and training in fire safety,
estimates that in 98 percent of arson fires there are no
convictions."

As Joe stated, Traverlers wrote the policy, Travelers pays the policy, it just a matter of how much and when. Bottom line is that ALU is a mature profit making company, has been from the late 60's.

If, as you have stated on the Yahoo board, think something "seems fishy to me", then don't own the stock.

Respectfully

Ken