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Federated National Holding Company Message Board

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  • cruckymucky cruckymucky Feb 21, 2004 1:50 AM Flag

    Florida insurance IPO today.

    I guess a better way to put it would be to say that while insider does have legit concerns it seems that these concerns are not weighing the market down too heavily. It's much like the concern that I have over CSCO massaging their numbers so that they look better than they are; or when JPM starts to take on a lot of risk that they have no way to compensate for. You are correct to point out the long term unsustainable or dangerous nature, but risk is being loved in this market (rightly or wrongly) if it's risk they want, I'll buy into it too. Hopefully I'll be able to jump out before everyone else does (haha, this is not likely to happen).

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