Recent

% | $
Quotes you view appear here for quick access.

Mercury General Corporation Message Board

  • BGINSURE BGINSURE Jul 24, 1998 12:38 PM Flag

    It's a Dog

    Dump what ever you have. They are losing money in states other than Calif and now have their hands full trying to write commerical insurance, which they they have no experience. Dump 'em asap!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I know an analyst who is as good as they come. He
      bought calls in this stock when it was about 58 and sold
      when it got into the high 60's. He says its going
      right back up and was astonished at how low it got
      today. He is getting ready to buy again. This guy wins
      on about 80% of his plays and if there is one thing
      he has taught me, it is this: When people put stuff
      like you have put into your message, they are shorts
      who care not one iota for the regular stockholders.
      Your message is designed to worry and scare
      shareholders into selling so that the short can make even more
      money. I encourage all of the shareholders of this
      company to DUMP your advice because there is at least an
      80% chance that you are wrong and at least a 99%
      chance that you are a short. Frankly, the shorts that I
      worry about are the silent ones who just sell and say
      nothing. They are operating on crucial information that
      really does mean something and they are the real McCoy.
      They do worry me. Then there are the loud ones like
      you who try to browbeat people into giving you their
      money only to wake up a short time later to find they
      have been flim-flammed. You ought to be ashamed of
      yourself trying to fool all of these good people and take
      their money. It is obvious that a lot of shorts did
      their dirty work today in this stock and you have
      already made enough. When you guys cover your short
      position the stock will be back up into the mid 60's in
      one big surge and the mirage you are fashioning will
      be gone with the wind. Folks, that is the truth. You
      can believe the short or use your intelligence and
      escape his ambush. I wish all of you the very best and I
      don't even have a dog in this fight. Just look at the
      timing of his message and compare it to the charts
      today. All is designed to stampede the throng to sell
      their shares cheaply and to the shorts. I sure hope
      none of you fell for this nonsense. I wish all of you
      the very best and I don't even have a dog in this
      fight. I just hate to see good trusting peope get
      mistreated by a professional shark and that is what BGINSURE
      is. If not, he has done a wonderful impersonation
      that has sure fooled me and he ought to be in the
      movies.

      • 4 Replies to codyi
      • His advise to you shows how wrong he can be. hope you did not suffer too bad, may want buy on a little bounce if have a strong stomach

      • Anybody labeling MCY a "Dog" is either trying to
        mislead this board or doesn't understand how MCY has
        attained their current market position. This is a company
        that RARELY makes a mistake and when it sees red ink
        (ala Florida), it is quick to respond. Florida is a
        tough market characterized by numerous companies that
        enter it with no clue of its unique loss development
        patterns and, as a result, post early glowing numbers. I
        suspect MCY is already reserving properly for this
        development and that their P&L on the state is much more
        conservative that the "burn in" artists.

        Speaking from
        INSIDE the California auto market, I view MCY as a
        company with total focus and a rock solid operation. I
        see nothing on the horizon to dampen the positive
        results MCY has been reporting.

      • I bought more MCY today at 59 and was sorry I
        didn't call my broker when it was at 55 for about a
        minute. This stock has appreciated 730% since 91 and has
        a long way to go. It may have been a little ahead
        of itself this month, but I expect the pending
        quarterly to bring it bacck well into the 60's in a little
        over a week. Remember, many of the big brokers were
        pushing Boeing until Wednesday... Brokers like Merril
        make a lot of big mistakes, and this is definitely one
        of them, although their downgrade was only for the
        short term and didn't affect their long term buy call.
        This company just has its act together too well to be
        lumped in with some of the loser casualty insurers,
        especially those writing property coverage in hurricane
        states. It cosistently has the highest return on equity
        and one of the lowest loss ratios in the industry.

      • I bought more MCY today at 59 and was sorry and
        didn't call my broker when it was at 55 for about a
        minute. This stock has appreciated 730% since 91 and has
        a long way to go. It may have been a little ahead
        of itself this month, but i expect the pending
        quarterly to bring it bacck well into the 60's in a little
        over a week. Remember, many of the big brokers were
        pushing Boeing until Wednesday... Brokers like Merril
        make a lot of big mistakes, and this is definitely one
        of them, although their downgrade was only for the
        short term and didn't affect their long term buy call.
        This company just has its act together too well to be
        lumped in with some of the loser casualty insurers,
        especially those writing property coverage in hurricane
        states. It cosistently has the highest return on equity
        and one of the lowest loss ratios in the industry.

    • Seems to me Mercury is doing just fine, and much
      better then most. I'm new to this board, but have
      followed Mercury for a long time. My "first hand"
      information is that they are doing very well writing
      commercial insurance. What is your basis for saying what you
      have? They sure look like a keeper to me!!

      • 2 Replies to dwiskow
      • I spoke to a MCY financial officer today. MCY is
        indeed losing money in Florida.....BUT THEY'RE NEW TO
        THAT MARKET!! You don't need an MBA (although I'm
        persuing mine) to figure that every business loses money
        initially through extensive expansion. But in the end, MCY
        and its shareholders will be the beneficiaries of
        increased market share and revenue. THE MCY OFFICER ALSO
        SAID...that MCY is considering putting out their eps earlier
        to offset the doldrums spurred on by some recent
        competitor's announcements of eps. In my opinion, there is no
        reason to panic here right now. MCY is suffering from a
        temporary industry virus, not a long term disease!

      • I have held MCY for about 18 months and have
        doubled my money. They have a winning formula for quality
        insurance, low costs, superior service through independent
        agents (who are very loyal to Mercury) and picky
        underwriters. They have recently started radio ads here in
        Sacramento that are clever and stand a chance of cutting
        into some of Geico's biz. This recent decline is
        related to profit-taking and because of Progressive's
        recent bad news. Who cares if Merrill downgraded it?
        This stock has a long way to go and should be
        considered a strong long-term buy by anyone interested in a
        core financial holding.

 
MCY
52.01-0.37(-0.71%)May 4 4:02 PMEDT