thanks for the post combined. very informative. how would they value the shot gun sale , if their going to just run off the existing policies . how does place a value , thanks
not sure why you´re highlighting troubled units. my own due diligence has not uncovered. without sounding like a short , I believe we have a kitchen sink scenario.
love the handle. sums me up well.. I might need to register reallydumbrandsuperduperslow.
what are your tea leaves telling you with tower ?
with all the sell side volume the last week, I think a lot of the banks and mutual funds are out. thus, we might have experienced some capitulation on Friday.
my very humble 2 cents.
I was surprised to learn that a lot of the losses came from their car insurance division versus the commercial side of their business. I was thinking it would be more from the aftermath of sandy of the commercial side. yet the settled over 85% of those claims back in February. I´m looking forward to looking underneath the hood as I think everyone else is from wall street to main street. yet, my guess they will be taken out prior to earnings thus little will revealed in the short term. I know time is ticking on them for a rating downgrade in inevitable if they try to go at it alone. thus, the forward press on getting some I-bankers involved to find a white night. I'm sure mgmt. is communicating with the rating agencies trying to buy some time. depending on the reserve hole, if its greater then perhaps 6 multiple on the 110mm they communicated previously this is a hard sell. yet, buffet came in a took over some of the major asbesotos underwriters and ended up looking pretty smart. tower mgmt really dropped the ball on assessing their risk and executing contingency plan. this is not a pretty situation yet I believe their could be a happy ending for those positioning long positions sub 8 pps. its certainly not for the faint of heart . i´m wrong more often then right, just ask my wife. so, I hope it works out for all involved , including employee´s, policy holders, investors and the family of mgmt. I want to mention, that I enjoy reading all the posts on this board from longs and shorts , its just the fear mongers and promoters that make me upset. the world has a lot of problems the last thing we need is to scaring one another. character counts. be blessed.
PUT THEM ON IGNORE AFTER YOU REPORT THEM
REPORT ABUSE NOW.....
HE IS BRCIADE
they might be paid bashers.
Brocade has posted for 72 hours straight. 132 messages. all with the same these
are managing fallout from Sandy fine. no warnings. tower is in as dark as you think.