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: Shane M who wrote (6940)	4/24/1999 9:49:00 PM
From: Paul Senior	Respond to of 78594

re: Allstate. Nice article in this week's Barron's on auto insurers. I think they got it about right (where the industry's been and where it might be going). In that vein, I've passed on Allstate after considering posts here. I occasionally look at Mercury General (MCY); they've had problems in underestimating the reserves they would need (or maybe it's that they booked too much 'bad' business). I think MCY is fairly valued here. Also, I watch 20th Century (TW)- a hard one to figure for me. Seems fairly valued -- the way I value these things -- and I am by no means a knowledgeable or astute or competent evaluator-- but AIG DOES keep increasing its share buy of Twentieth. I am a long-time owner of Commercial Group (CGI). I'm disappointed the stock is trading close to its lows. I think the stock's fair value might be about 30 (up from low 20's). The auto insurance business IS undergoing quite a bit of change. These companies in auto insurance had better be quick and alert or they will be trampled badly. So far... it's just the stocks and stockholders who are hurting. JMO, Paul.