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Mercury General Corporation Message Board

  • bstanga1 bstanga1 Jul 26, 1998 11:17 PM Flag

    BGINSURE looks like he's shorting more t

    Out of curiosity, I checked out Progressive
    INC.'s chat board, and guess who was 'advising'
    unsuspecting shareholders to bail out? None other than
    BGINSURE. Just a coincidence??? Shorts prey on investor's
    insecurities and they WANT YOU TO SELL, DRIVING THE PRICE OF
    way to make money, huh? I read MCY's 10k and it looks
    formidable...their 10 year max chart looks downright gorgeous. THe
    morale of the story--be careful whose great advice you
    listen to....good luck to all.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The only thing I have been short on is companies
      with poor performance and Mercury and Progressive are
      on my list. If you are so smart then why didn't you
      see this 23% drop yesterday. Note that my message was
      posted days before. Of course the stock will bounce back
      some, but never the way it was. If you want a good
      insurance stock try AIG, Travelers, or Hartford. Stop
      playing with dogs.

      • 1 Reply to BGINSURE
      • bginsure is dead wrong to compare mcy unfavorably
        with the insurers he named. He should compare mcy's
        superior return on equity and loss ratio to the insurers
        he named. He'd be surprised. On the other hand, he
        wouldn't, because he isn't interested in investing in a
        standout carrier; he's only interested in the quick short
        sale buck. Travelers? They could be wiped out by the
        next hurricane or flood. Aig? Isn't that the carrier
        with billboard ads with no tel.# or address? Hartford?
        Talk about a dog. All these insurers have three times
        the risk of mcy. As an example, state farm paid out
        more on the northridge quake than it collected in 30
        yrs. For quake coverage. That can't happen to mcy.

    • A little like you just dropped 2000 feet in an airplane?

      • 1 Reply to chop_hop
      • chop hop asks how i feel now that a 250% profit
        is has been diminished. The simple answer is that i
        now own a stock whose profits are growing at 33% with
        a pe of about 14. Mcy doesn't need the same level
        of premium growth that companies in other industries
        need to maintain above average earnings growth, as
        long as it continues to generate profits for its
        investments, which it does better than any insurer, having a
        combined ratio well below 90%. All this with no exposure
        to major catastrophe losses on homeowner's policies,
        unlike allstate, progressive, et al. This is now a
        risk-free investment for the medium and long term and one
        that i plan to add to soon.

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