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American National Insurance Co. Message Board

  • bbarberayr bbarberayr Jul 1, 2010 1:50 PM Flag

    Why is ANAT down?

    Can't tell if it is because of the risk of the approaching hurricane and their large exposure to the gulf or just in sympathy with the market.

    If it's just the market, I want to buy. If their is a real risk of large losses due to the hurricane, I think I'll wait.

    Any comments?

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    • I owned this stock for almost a year..Purchased around 78 and sold at 96 as I really wanted to wait 1 year but the down trend plus the CEO selling $500,000 worth of stock made me pull the trigger earlier.. I believe this company is a great one but has pulled back because of all stocks pulling back, the insurance industry as a whole dropping, and its exposure to the Gulf.. Simply a lot to handle at one time.. Now that the stock is back to the 70's it is looking attractive again from a value perspective. If you don't mind holding for years or so while a stock takes you for a ride, I would buy it now.. If you don't feel like mustering a big swing then i would wait for it to show signs of slowing down it's downtrend before buying.. Good luck.. Hopefully we buy at a great time..
      Plus this company pays a good dividend.

    • I would wait, they have huge exposure and the P&C side of the business is only slightly better managed than the company as a whole. Good luck, if I were you, I would run and not walk away from ANAT.

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