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

To: muwis123 who wrote (22376)	10/31/2005 9:57:42 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78670

IPCR. I've had a few insurance stocks where AIG was the principal and controlling shareholder - TRH, TW. Never have been able to figure if that was a positive or negative for the small shareholder. On balance, I'd say a negative. For TW after the Calif. earthquake, AIG infused the company with money (in return for more stock and control, of course); for TRH, it seems the company is run under AIG and not really with an emphasis on maximizing shareholder value (with TRH stock price gains). For IPCR, I never noticed AIG's influence, although they're the big shareholder. I was always hoping to be surprised by Greenberg (AIG) making a buyout of these companies, but that never occurred.