Read CINF's last press release. The 3rd quarter earnings release is going to be tough. They have huge storm losses from Hurricane Ike windstorm that pounded the midwest. Besides 5/3 bank holdings, they also will write down substantial holdings in Lehman, AIG, Fannie and Freddie MAC.
BEST insurer rating service is about to drop their rating
the market does not care...everything goes out with the bathwater in this climate. Last time it dipped below a higher book I took a chunk for me and did well on the upswing...this is a conservatively run operation that will benefit by others troubles. I added at 22.22 and will pick up more today.