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Old Republic International Corporation Message Board

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  • kevinf1_99 kevinf1_99 Oct 27, 2012 11:00 AM Flag

    ori CANNOT escape the liabilities of the cci business

    Yes, basically that is what I said...CCI is not walled off, but the MI parts of RFIG are presumably walled off. At least the impact from CCI was much lower than last quarter. But as I posted here and have written on seeking alpha, I am more concerned on CCI than the MI stuff. Since CCI is really hard to quantify the full exposure, alternatives, etc.

    So while you can see what it looks like without CCI impact, you really dont know that CCI will stop at a certain point, stay at losses of 6M per Q, dont know the timing, etc. I mean, we really have no way to know the max exposure, which I believe is one of the dark clouds hanging over the stock.

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    • Well, we had a pretty good pullback off earnings - don't know if it's because the general insurance company earnings disappointed or because the CCI loss was greater than expected.

      I think they do work through this and you'll be glad you bought the stock in 2 or 3 years, but it's not a clean story, so will take some time.

 
ORI
14.68-0.22(-1.48%)Sep 19 4:01 PMEDT

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