• Stone Fox Capital
    Interesting market with $HIG working back to the flatline. Incredible value in the stock to be unlocked.
    3/21/12
    Reply (4)
    • talbano: it's too bad they made a huge blunder in 08- lost a ton of credibility - the CFO had told analyst they would have x cash if S&P hit Y
      3/22/12
    • talbano: & they didn't. They had a huge life & Annuities Bus in Japan - They were overpromising returns (many still in force) w/o gettin returns
      3/22/12
    • talbano: Life co use to throw off ton of cash, they got caught on the wrong side during the fin crisis , many asessts invested were bank perferreds
      3/22/12
    • talbano: In addition to Capital losses many dividends were either eliminated or reduced. P&C for a long whiile was being underbided by AIG
      3/22/12