Time to Sell American National Insurance

| About: American National (ANAT)

It is now time to recommend that American National Insurance (NASDAQ:ANAT) be sold at the market. The stock has performed below standard since the research recommendation was issued on April 10, 2008, and it is highly recommended that anyone who bought the stock based on my research should re-read that posting.

ANAT gave many opportunities to be bought well below the research recommendation price of $105. In fact, ANAT fell to as low as $34 by March 9, 2009. The subsequent 248.28% rise in the price has been utterly amazing. In the pursuit of "seeking fair profits" the returns that this stock has provided within the last 630 days say that it is necessary to consider alternative opportunities.

Again, ANAT was recommended when it was trading at $105. As of December 21, 2009, ANAT was quoted at $117.51. The total return (including dividends) on ANAT since the recommendation date is 18.27%. On an annualized basis, this equals a total return (including dividends) of 10.59%.

Disclosure: No Positions

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