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

To: Paul Senior who wrote (5455)	12/18/1998 12:48:00 AM
From: Madharry	Respond to of 78719

I don't know any of these names but northrop so I will have to research. I don't trust the hmo-s because noone in that business really know what their costs are as far as I know. then you have the accounting problems the under reserved problems and the lawsuits-just my general personal opinion. If you understand anything at all about the oil and gas business you might want to take a look at Petsec (PSJ). After drilling very successfully in the Gulf, all of a sudden they drilled three dry holes in a row as a result a big loss this year. However the stock has dropped from about $16 to $1.5. I think this is overkill due to small cap, bad year, bad industry, australian company. I figure sooner or later the weather will get cold, they will hit something, and the stock will increase to a more reasonable level. This is a little bit similar to Jim's CYM play except I just need the weather to get cold. Jim needs a worldwide economic recovery<g>.

To: Paul Senior who wrote (5455)	12/18/1998 1:04:00 AM
From: Madharry	Read Replies (1) \| Respond to of 78719

I can't figure out mmi's business well enough to know if they have a good handle on the health risks that they are insuring so I can't trust the book value. good luck with it . I like assets that I can quantify like cash, receivables, stock in other businesses, or ownership of some other business that could be monetized at some future point. I hate companies with lots of reserves unless they look conservative and predictable. If you like insurance you might want to take a look at mny or cna. BTW UBB also has a large insurance subsidiary they are partners with AIG, and the insurance business will grow much faster in Brazil than in the US.