Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Senior who wrote (33573)	7/2/2009 9:50:22 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78705

ALL, CB (38.82$) - Allstate's book value has been melting rather rapidly.problem is their asset quality - it was already pointed out on this board that they own lot's of level 3 assets (Level 3 assets are assets for which there are no bids or the bids are too low <g>). Based on tangible book the stock looks quite expensive. Maybe the tangible book will recover somewhat since the credit market has been improving. I would like to see that first before buying into ALL. finance.yahoo.com I did buy some today CB at 38.82$, which at just about tangible book and does not seem to have any balance sheet issues. In the past there have been very few times when this stock could be bought at book, since they do have a substantial franchise value (niche insurance). Hopefully the summer will bring more values; things have been rather dull recently and it shows by the lack of posts on this board.