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

To: Paul Senior who wrote (19867)	10/15/2004 1:51:21 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78627

re AIG, insurers - AIG trades at a substantial premium to peer companies because of its impeccable LT records. Th Spitzer investigation would reduce the premium for AIGr relative to others, IMO. I am more interested in ACE, which is the poors man's AIG <g>. ACE is also affected by the Spitzer investigation trades at a much lower valuation (PE <10) but of course does not have the LT record of AIG. if ACE were in the low 30's, i would be really interested, right now I am watching only. In the insurance sector, I only own PRE, which is reinurance and thus should not be affected by Spitzer. I also like the fact that they had disproportional less losses due to the Florida hurricans relative to reinurance peers (RNR, MRH, etc.).