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Mercury General Corporation Message Board

  • my_friend_clifford my_friend_clifford Aug 10, 2006 9:56 PM Flag

    Below 50

    TOLD YA SO...although it took a little longer anticipated.

    "Below $50 by the end of the year on this stock."

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    • I anticipated things would get worse for this company before they got better while others were toting a price of 60 to 80 which was unrealistic and just plain wishful thinking. I think there are still too many intangibles out there for this stock to go any higher so I'm placing any possible buys in the 40 to 45 range before I start considering any accumulation in MCY.

      Basically, this company has gotten harder and harder to manage properly over the past few years with the biggest preasure comming in California from the DOI Comissioner's push for Prop 103 enforcement.

      When was the last time there was any significant insider buying / minimal outsider pumping?

54.85+0.17(+0.31%)Sep 30 4:02 PMEDT