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

To: Madharry who wrote (28083)	9/16/2007 11:16:38 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78666

Madharry, for me from you, this is my learning once again: If buying an insurance stock that's undervalued on its book value -- which is the way many value investors look at insurance companies -- don't sell that insurance stock just because it's moved up if it still is under book value. (Especially if the book value is also rising.) Don't sell if it's under its fair value - which should be and usually is, over 1.5x book value. Be very cautious in selling one undervalued stock to buy something that looks even more undervalued. Doing so provides two ways to err. Keep patience. Fight anxiousness. If the stock must be sold, do not exit all at once. Try to exit in stages. At minimum, keep a stub position, at least for a while to see where the stock is going. ========================================= Just my opinion, and the way I want to play them. Not that I've been right on FFH: I didn't buy it. And I did buy its replacement SIL, the silver mining company which has not done much.