You can say that again! Frequently, it reads more like a continuing saga of personal dissatisfaction than it does a board about an insurance company! Are we talking about an investment opportunity here, or is this a self-help board for the emotionally dysfunctional? Lot of words and emotions...damn little insight in terms of evaluating an investment.
Keeping in the spirit of this as an investment forum, any word on MCY's pending rate increase filing? George felt it would be approved within two weeks of the conference call. My bet is that this was optimistic, particularly given the scrutiny applied by the insurance department to large company filings.
I think if there's a silver lining to the year so far, it's the perception that MCY can hold its stock price irrespective of the earnings slide. Maybe a sign of analyst optimism with the P&C category, maybe indicative of a stock not experiencing much speculative trading. If only the tech sector were covered with this teflon!
Anyone else think full year earnings in the $1.50-$1.60 range is within the realm of reason?