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Mercury General Corporation Message Board

  • hang7dog2000 hang7dog2000 Jul 20, 2004 12:54 PM Flag

    wildfires and rising rates

    are a guarantee of pressure on MCY shares.
    The dividend is under pressure PE of 12 is too high should be arround 10. IMHO

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    • If you read the articles on the fires you will see that few structures have been damaged. So MCY will not have that many claims to pay out. In addition to the current fires creating fire breaks for the future it gives home insures in the area the excuse to raise premiums thus increasing profit. The owners of structures near the fires will be happy to pay it not realizing that the risk of fire destroying their home is now less than it was before due to the creation of fire breaks and new precasutions taken as a result of the fires.

    • ahh wrong the wildfires will not effect and rising rates is a plus over the long run

      Did you really say a pe of 12 for this company MCY is high? your kidding right?

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