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


To: Paul Senior who wrote (2510)11/18/1997 1:07:00 AM
From: Esvida  Read Replies (1) | Respond to of 78648
 
Senor,

Thanks so much for your thoughts - very good ones and I'll take them to hearts. I looked at it more and more and from what's available, I find one fault with it. There are 2.09 million shares outstanding, but the float is only 200,000 shares. Should liquidity be discounted here? I think so, but I'm not sure. I've not had the time to call to talk to the company and I don't know if they are willing to talk if they and other insiders control so much of the stock. The return on assets and return on equity look really good.

I have one other question. What is the definition of Combined Ratio? Lot of thanks again.

-Al



To: Paul Senior who wrote (2510)11/19/1997 5:28:00 AM
From: porcupine --''''>  Read Replies (1) | Respond to of 78648
 
Paul: not all porcupines are alike, as is true with stock brokers (See: www4.techstocks.com.

Btw, your comments on insurance company valuation are excellent. See also, Value Line, Selections and Opinion, 8/15/97, pp. 6672-4.

porc --''''>