SAFT Forum Topics
- All Comments on SAFT
- General Discussion on SAFT
- Safety Insurance: Strong Player in Massachusetts Auto Insurance Market [view article]
- Not All Financials Are Poison [view article]
- Safety Insurance: Safety in Numbers [view article]
- Safety Insurance: A Great Company at a Great Price [view article]
- 4 Things I Just Don't Get [view article]
- A Tale of Two Insurance Companies: RAM Holdings and Safety [view article]
- Screening for Potential Buyout Targets [view article]
loading ...Recent SAFT Articles
- Not All Financials Are Poison
- Safety Insurance: Safety in Numbers
- Safety Insurance: A Great Company at a Great Price
- 4 Things I Just Don't Get
- Safety Insurance: Capitalize on Massachusetts Auto Reform
- Portfolio Triage, Part 2
- Safety Insurance: Strong Player in Massachusetts Auto Insurance Market
- Dealing With Some Personal Underperformance
- A Tale of Two Insurance Companies: RAM Holdings and Safety
- Safety Insurance Group: Auto Insurer With a Dirt Cheap Valuation
- Full List of Articles »
Safety Insurance: Strong Player in Massachusetts Auto Insurance Market [view article]
get low cost auto insurance...tickets...... insurance...no problem...documents are emailed in real time ReplyNot All Financials Are Poison [view article]
nyka,A bit harsh....actually, the author's to be commended for pointing out there ARE some/a few things worth looking at in the sector, AND he had the stones to be explicit vis a vis personal holdings.
A good piece, Dave. I pay attention to your "stuff".
old trader Reply
Not All Financials Are Poison [view article]
This fails to pass the "Who cares?" test. ReplyNot All Financials Are Poison [view article]
Historically, it's been hard for insurers to turn a profit when reserves can't be invested profitably. Why should we expect them to be profitable when there's no other investment that is?Casualty risks from weather events are at an all-time high.
I don't see much future here, but good luck to you. Reply
Safety Insurance: Safety in Numbers [view article]
AAA doesnt count anymore.so spin the wheel & see where it stops. how sad. ReplySafety Insurance: Safety in Numbers [view article]
Agree with most of your points and I own SAFT myself. However, I don't know how much stock I would put into the MBS being rated AAA. As we've seen recently, most of the ratings were pretty much worthless when it came to asset-backed paper. It will be interesting to see if SAFT reports any asset write-downs in the coming quarters. ReplySafety Insurance: A Great Company at a Great Price [view article]
Will expensive SUV and pickup gas guzzlers that have dropped in resale value cause policy holders to submit fraudulent theft claims? ReplySafety Insurance: A Great Company at a Great Price [view article]
I disagree with some of your logic. High gas prices also cause people to buy smaller cars which are most likely cheaper to insure. Even worse, I'm sure many folks have cut back on their second or third family car. Some folks may even get rid of car ownership completely and go with public transportation.I would think all of this would cancel out the benefits you described.
Reply
4 Things I Just Don't Get [view article]
Economic use of Capital???? you know not what you speaketh? How can you analyze a public co the same way as non-public mutual that doesn;t have "shareholders&quo... but stakeholders with different agendas? So don't try to. Obviously they are overcapitalized, and giving out policyholder dividends kisses off funds forever. Why?? To understand the "interests of people in charge of mutual, you would have to discuss directors (you don;t), cross ownership holdings (often other local banks, insurers), likelihood of future demutualization (rationale of directors, potential beneficiaries among management and wall street I banks). Come on stop with your "5 quick ideas" every day, and back something up with analysis. ReplyBlackman
4 Things I Just Don't Get [view article]
One thing I don't get and that is value investing. You guys buy stuff on the way down because as it falls, it gets cheaper. Great if there is a turnaround in the near-term but if not, (can you say Enron, and more recently Bear Stearns?) you lose your shirt.Traders call that trying to catch a falling knife for good reason. My research shows that the fundamentals lag price action by anywhere from 3 - 9 months so waiting for a fundamental signal to exit is a dangerous practice from where I sit (you reading this Cramer?).
Now combine the principles of value and employing the right fundamentals with an ability to read a chart... now you're talking! Reply
4 Things I Just Don't Get [view article]
Insurance companies which have thrived by suckling at the teat of anti-competitive state regulation - like SAFT - can be very dangerous plays when the state opens somewhat to competition. You're basically making a bet that either (1) another company wants to enter the state through buying renewal rights, or (2) that the company, which is typically inbred and used to the status quo, has enough flexibility to respond to the changes and leverage their market share. I don't think either of those are good bets, but go ahead and play Lotto if you want to. Nobody's gonna buy a company like that for their "systems" or "market knowledge" because the market has changed and the systems are geared towards the OLD way of doing things.Take a look at Seibels Bruce Group and the South Carolina auto insurance reform as an example of what can happen. Reply
4 Things I Just Don't Get [view article]
I also own SAFT, but not because I think they are much of a company. In fact, their business is based on Massachusetts private passenger auto- they are really not good at anything else. With the recent semi-deregulation in Massachusetts, I think they are a take-over candidate (see Commerce)- and meanwhile you get a decent dividend. ReplyEditors
General Discussion on SAFT
Is this a buy or a sell? ReplyA Tale of Two Insurance Companies: RAM Holdings and Safety [view article]
Any views on another insurance stock: AGII, which was just merged (as of 8/7/07) into Argo Group, with a new ticker symbol of AGIID? Thanks. omooc ReplyScreening for Potential Buyout Targets [view article]
I'm with you James, this one shouldn't have passed the debt to equity screen. As an anecdotal story, I used to work for a bank that paid over $100,000 per month for one of the most respected quant models in the industry. After several months, it was discovered that one of the factors in the model (9 month earnings momentum) was completely wrong! That's why I never rely totally on quant models and stocks screens. They're just a starting point, and should be re-tested regularly and followed up with detailed fundamental analysis. Thanks for bringing this to our attention! Reply