Dan Braem's  Instablog

Dan Braem
Send Message
  • 5/14/09 0 comments
    May 14, 2009 5:15 PM

    Kind of bored with market right now - not much activity.

    I am still intrigued by CNA insurance.  As I posted earlier, this company has a market value of under $4B and book value over $7B (although 1B of the 7B belongs to parent co. Loews).

    I bought a lot of shares closer to $10 - but the risk/reward on this is really high.  As with most insurers, hurricanes will be public enemy #1.  I think CNA's bond portfolio will started reversing to the upside from now on. 

    I am still short a bunch of Jan 2010 CNA $7.50 puts.  I like the stock in here though if holding for 1+ year.



Back To Dan Braem's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • I did some hedging at 2PM-shorting SPY/ long SKF. I feel like catalysts banks are over for now - more potential ST negatives than positives
    May 22, 2009
  • You only need 2 or 3 good ideas to make money. Some websites discuss 500 stocks. It is better to provide 10 - 20 good ideas.
    Apr 8, 2009
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.