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Berkshire Hathaway Inc. Message Board

  • mista_parts mista_parts Feb 7, 2002 12:36 AM Flag


    that little insurance outfit on your list
    submitted to babyb......
    I was thinking that todays price action on
    it would give support to the double bottom
    boys to buy......since it hit and kinda
    bounced back from the 3.40 low some time
    so my question is ....still like it.....
    reason for my question is....I don't try
    to understand insurance companies...I turned
    that job originally over to W.E.B.....but
    now I add you to the list I would trust on
    insurance companies......
    best to you, bdparts......aka: mista parts

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    • Published on the MM board:

      UBS PaineWebber Reiterates Strong
      by: unintrstdbystnder
      12/20/01 01:00 pm
      Msg: 618 of 643

      From research note this morning:

      Mutual Risk Management Ltd. announced that it expects 4Q01 earnings to be
      $0.20-$0.25 excluding reserve charges and
      one-time sales gains, in-line with our estimate of $0.24. Management also plans to raise
      capital in 1Q02, which is expected
      to be dilutive to 2002 results. However, given the dramatically improving property
      casualty insurance operating
      environment, MM management sees substantial business opportunities in 2002. Our
      2001 operating EPS estimate is
      unchanged at $1.05. We are reducing our 2002 operating EPS estimate to $1.00 from
      $1.20 to account for the dilution
      expected from the 1Q02 share offering. Our rating remains Strong Buy. However, we
      are reducing our 12-month target
      price to $12 from $15, or 12 times our reduced 2002 operating EPS estimate.

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