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Mercury General Corporation Message Board

  • lender_of_last_resort lender_of_last_resort Sep 24, 2002 9:56 PM Flag

    Looks like another rate increase

    is expected to be approved by the CA DOI. 10.9% for standard and non-standard liability and another 4% for the collision counterpart. This should keep Mercury profitable for the forseeable future. This stock is cheap at this level. I'm sure we will see $50 to $55 in 6 to 12 months.

 
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