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

To: Paul Senior who wrote (22375)	10/31/2005 9:39:31 AM
From: muwis123	Read Replies (1) \| Respond to of 78669

IPCR - The Company has no choice but to issue stock because they suffered significant losses ($13.50 a share?) this hurricane season and needs to pacify the rating agencies. If they got their rating cut below say A-, they would have great difficulty writing policies in the US. AIG is an investor in the company from what I understand and they intend to participate in the placement. I think the shares would be sold at a slight discount to its current market price, probably $25.