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


To: Paul Senior who wrote (39367)6/1/2011 11:51:34 AM
From: Paul Senior  Respond to of 78764
 
IPCC: Non-standard auto insurer. Decided I'll take a few tracking shares to start as stock falls a little on today's down day. (Dow -150 now)

Company has been profitable in each of the past ten years. Stated book value generally rising; has doubled in ten years. Trades now (~$52) a little below stated bv (~$54)and above tangible (~$47) (SI numbers)

I see the business as being intact in its niche, but a very slow grower. Similar then my expectation for the stock. Which is okay by me for a conservative holding within a diversified conservative portfolio.

si.advfn.com^IPCC