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

To: Paul Senior who wrote (30303)	3/11/2008 5:11:30 PM
From: MCsweet	Read Replies (1) \| Respond to of 78732

How about SUAI? Small insurer with margins going down (etc, etc), but trading at 40% discount to tangible book. Minimal exposure to subprime and complex trading instruments. There could always be another NAHC book writedown mishap, but these guys seem somewhat more competent. Earnings will go down due to higher tax rates now they have worked through their accumulated losses, but on the bright side I think that may be able to buy back stock and/or pay dividend from their positive accumulated earnings. MC