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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Quonnie who wrote (31356)	8/21/1998 3:48:00 PM
From: Knighty Tin	Respond to of 132070

Norm, I owned puts on AIG and still have the claw marks on my back. -g- This is THE premier co. in the insurance group. However, that being said, it is growing in the low teens and has a pe ratio double its growth rate. Interest rates are nearly as low as I believe they can go, and this is an interest sensitve stock. And they have huge exposure in Asia. True, they are a life co. and not a business insurance co., but I could see a scenario where suicides and murders pick up and premium persistence falls off the cliff. So, I hate to bet against their brilliant management, and have often owned the stock in the past, but any tick up I'm going back into the puts. Right now, I have to lick my wounds. MB