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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?

To: refugee investor who wrote (1006)	2/26/2012 12:11:39 PM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

L looks interesting would most likely be a buyer on a pull back. I use to own DO and CNA in the past there big holdings. I still remember Walter S :( saying how cheap CNA was years back and saying if they got into trouble let Loews worry about it. Anyways thanks for bringing that name up was not on my radar! They are trading below liquidation value right now so it is an investment that will be near the top of my watch list. What most likely is going to be the deciding factor for me is CNA have to read up on that company. If you just take DO (owns 50.4%) and CNA(owns 90%) last 4Q of earnings and take the % of what Loews owns out of it they would be trading @ around the current S&P multiple. They should trade @ a premium to book with there long term track record of almost double the S&P IMO so current value is far from expensive. I think you have a good sense of value even though you say you are not good @ valuing businesses I hope you dont start charging for ideas.