Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Michael Burry who wrote (6373)	3/20/1999 12:13:00 AM
From: Shane M	Respond to of 78497

Mike, Re Depressed sectors. Some of the apparel retailers look attractive. I recently purchased some Coldwater Creek, and also considered Columbia Sportswear. My wife encouraged the CWTR purchase, and in the past she's been a good gauge for consumer-appeal type stocks. I know you already have your oil exposure, but if you're looking for diversification I'm long FGI and GIFI there. You might look to P&C insurance as a depressed sector. Some decent insurance companies are selling at low multiples. My company, Allstate, is one of them. I'm getting the feeling that our new CEO (Ed Liddy) has some major changes on the way. I'd be surprised if we don't announce some form of direct channel operation within the year. We're also being mentioned alot as both a potential acquirer, especially of Independent Agency business, and as a potential acquiree. Mercury General, MCY, is another in the P&C biz that seems cheap, although there's increased risk given the large California exposure. Shane