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

To: Madharry who wrote (32058)	9/18/2008 12:52:14 PM
From: Madharry	Respond to of 78661

good to know that S&P affirmed genworths rating on august 26,08, the stock has only dropped around 75% since then

To: Madharry who wrote (32058)	9/18/2008 12:57:52 PM
From: Asymmetric	Respond to of 78661

Back in to AIB and ABB. I can only say - wow. Just got a fill on ABB at 19.30, a new 52 wk low, and got filled on AIB at 14.65, which is likewise. - A.

To: Madharry who wrote (32058)	9/18/2008 1:05:57 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78661

Madharry, yes, very scary. I'll add to my very losing GNW position now though a little. I presume insurance companies like GNW which are in the business of issuing long-term care policies realize protection of their capital has to be a prudent policy. For GNW, that'd mean carefully diversifying risk among their $72B of total investments. And not using leverage like investment firms have been doing. But who knows what any of these firms do - managers stonewall/lie/have no understanding --everything they report seems so suspicious and so opaque. I understand that the media says GNW is exposed/overexposed to the housing market. Without further info/clarification from the company though, I'm going to assume with the balance sheet that I see (Yahoo), that okay, they will or might take a hit to earnings, but that they ought to survive. Otoh, perhaps all these companies are burnt toast and the whole financial system is corrupted: The short sellers or panicky institutional holders have just made GNW today's latest target.