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OneBeacon Insurance Group, Ltd. Message Board

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  • malum_secutum malum_secutum Jun 13, 2012 10:51 AM Flag

    extra divvy

    OB isn't supposed to grow. It's supposed to be looted. That's what it was designed for. You have no idea what you have invested in, and I use the term 'invested' in the most ironic manner conceivable. You should not be allowed to handle your own money and should shut up.

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    • duhhh....if OB was designed by WTM to be "looted", then WTM is pretty dumb, and they aren't. It can look like WTM is "overzealous" in snaring large dividends from OB. But you are factually wrong. Should you be managing your own money? because if WTM "over loots" from OB, then OB becomes a weaker company. If OB becomes a weaker company, the share price will decline. And WHO LOSES if the OB share prices declines?????? duhhhhhh WTM, since WTM owns alnot 80% of the shares of OB.

      So, silly, every action has an equal and opposite reaction. If WTM "loots" too much of OB, the shares will decline. I think WTM owns about 72,000,000 shares of OB. So if OB declines (by looting) $1, WTM loses $72 million. If OB drops $2, WTM loses $144,000,000. If OB drops $3, WTM loses $216,000,000.

      You get the drift, "El Dopo"?? WTM is overzealous, but they aren't "looting" the company. That would be penny wise and pound foolish

      I'd rather see if WTM coudl sell OB and get close to 1.5x book. We saw what happened to WTM shaes when they sodl Esurance. Selling OB woudl be even BIGGEr to WTM share price.

      • 1 Reply to snogreen
      • "duhhh....if OB was designed by WTM to be "looted", then WTM is pretty dumb... since WTM owns alnot 80% of the shares of OB."

        Uh huh, and where did the other 20% of the shares come from? WTM created them. It was money from thin air.

        They don't CARE if the share price declines, the share price is EXPECTED to decline - commensurate with the amount of capital WTM manages to suck out of its withering husk.

        Anyway, shut up.

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