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

To: Spekulatius who wrote (19868)11/15/2004 1:53:19 AM
From: Spekulatius  Respond to of 78627
 
sold PRE -
while I like the recent financial performance, I am becoming increasingly concerned that the reinsureres were also selling non- risk transfer related contracts that were essentially used for earnings smoothing. According to the WSJ PRE's CEO held a talk about this topic. While I am not sure that PRE is involved into shenigangs the possibility of such is not reflected in todays share prices for reinsurance companies, thus my sale.


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