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Tower Group International, Ltd. Message Board

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  • Eggplant101 Eggplant101 Feb 10, 2010 7:57 AM Flag


    I agree with you smaycs, but I worry there could be a problem here. Acquisition accounting can get awfully complex, especially for insurance companies. It bugs me that they needed to do last week's deal to get their 2010 EPS number. Are they buying short term earnings with each deal? Remember TYCO? If so, then the reported number is not sustainable. I might start to believe the numbers if I saw insiders loading up on stock with market purchases, but that is not happening.

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