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Mercury General Corporation Message Board

  • I'm trying to figure out why MCY has taken such a
    hit in price, considering its stellar earnings report
    (up about 40% ?). The only thing I can come up with
    is that the stock has dropped in reaction to Year
    2000 fears. My understanding is that insurance
    companies are particularly vulnerable to Y2K problems
    because of their reliance upon dated information. Can
    anyone out there give me an assessment of MCY's Y2K
    readiness, or any idea how much the stock's price has been
    hurt by the lack thereof? Many thanks.

 
MCY
55.88+0.66(+1.20%)May 4 4:02 PMEDT