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

To: Jurgis Bekepuris who wrote (44207)9/4/2011 7:09:50 PM
From: MCsweet  Read Replies (1) | Respond to of 78594
 
I have only taken a superficial look, but there seem to be many insurers with PEs < 10 and selling below book. This may be below book, but that PE is high (> 20 for past twelve months, this year estimate, and next year estimate), which doesn't get me excited.

If it gets to $385, I think it is a good speculation on getting taken out on the dutch tender offer, since the range is 385+ and there is an odd lot provision.

What I like most is a trade that is both a good speculation and a good investment. In that case, I'd stick in a higher bid, being content to own it if the tender price wasn't satisfactory.

MC



To: Jurgis Bekepuris who wrote (44207)9/9/2011 8:53:42 PM
From: Shane M  Read Replies (1) | Respond to of 78594
 
Jurgis,

fwiw, in the insurance biz Chubb has tended to stand out as very well run. I work for an insurance co (not Chubb) and CB is one of the few that I've considered investing in given their apparent superior risk management. I've been very impressed how catastrophes tend to roll off their back, and how they seemed little impacted by toxic investments that plagued so many insurers.


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