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

To: Paul Senior who wrote (29628)	1/9/2008 10:44:30 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78464

FSR - not a whole lot of operating history. Trading at book is good but why would I buy FSR when i can buy SwissRe SWCEY at a 205 discount to book. SwissRe has been in business for a while so one could hope that they know what they are doing. swissre.com The problem with the newfounded reinsurers is that there is a temptation to bet everything on black or red. if it works, it's great and management cashes in large performance boni for being smart, if it doesn't the firm goes under an they look out for another job. This is not likely to happen with a firm like SwissRe. It looks like SWCEY has not participated in the latest downdraft. i take that as a sign of stabilization and i am tempted to add to my starter position.