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

To: Paul Senior who wrote (37740)	5/4/2010 6:50:25 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78750

re NAVG - I am sticking with my position (average cost bases is around 39$). I looked in the 10-k and they do write some offshore insurance but mentioned they wrote very little in the Gulf of Mexico. So I am hoping it wasn't the RIG from Transocean. Their earning estimate have come down but they do trade below tangible book, which rarely seemed to be the case before. NAVG has a decent LT track record so I am assume it's just the ebbs and flow ( surprise we have those for marine insurance <g>) of their business.