Thompson Reuters has PNX listed as Outperform. S & P has a bullish rating on the technical’s. Market Edge second opinion has it listed as LONG. This company has been around for close to 160 years, that’s a lot of experience. You can’t really judge this company on 2009 earnings since a lot of companies income dropped that year.
You pumpers show you true colors with stupid comments like these posted. S&P bullish but other side of S&P businesses has them rated as a B company virtually taking them out of PNX's peer group and market. Also yes PNX has been around for 160 or so years that is true but they were a MUTUAL company for 151 of those years. PNX demutualized in 2001 which makes them a stock company and run 180 degrees from how a mutual company would run. Now they have an investment guy trying to fix a insurance company. You pumpers can make a few pennies play with this but you all are a joke thinking this stock will climb past the 3s.
Great fishing yesterday, 6 striped marlin biggest 190lbs. off the hurricane bank in cabo
For one thing, the analysts have been consistently wrong about Phoenix since the demutualization. For another, a fixed-income guy attempting to suck blood out of a stone is better than the lawyers (Bob and Dona) who ran the company into the ground. Anyone with experience in junk bonds or valuing fixed income in general knows how to pray for par, and praying is a lot easier when you understand the strategy a firm employs to get from "A" to "B". Wehr has got to be thinking about extrating as much value from this dog as possible in the shortest amount of time (before book starts to tank again). The only other option is shoring up the financials Dona destroyed so they can sell something again, and there is nothing wrong with have a fixed income guy do that.
Hey, I have no stake in PNX. It is too far below book to short and I'd