Re: [CANSLIM] Life Insurers next?

From: "Norman" <theboyd@tisd.net>
Subject: Re: [CANSLIM] Life Insurers next?
Date: Sun, 11 Aug 2002 19:06:23 -0500

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Tom,

I would think even you would find it difficult to maintain a bullish outlook
in this environment<grin>
Sure seems that with all the defaulting going on by mega-large companies
that we can't be at the bottom yet, much less in a rally.  Someone has to be
taking a big hit from all this red ink.  The M in CAN SLIM will be a long
time coming around, IMHO.

There, is that enuf bearish sentiment to get things going again<G>?

Norm
- ----- Original Message -----
From: "Tom Worley" <stkguru@bellsouth.net>
To: "CANSLIM" <canslim@lists.xmission.com>
Sent: Sunday, August 11, 2002 6:27 PM
Subject: [CANSLIM] Life Insurers next?


> Looks like the ratings agencies are getting concerned over life insurance
> companies exposure to bonds issued by now bankrupt companies, and
potential
> ones in the future. Moody's estimates their exposure to Worldcom, Dynergy
> and Qwest at a petty $23 billion so far. S&P already lowered their rating
on
> the group from stable to negative.  While their portfolios are more
> diversified today than a decade or so ago, another big hit could lead to
> some being downgraded. And I would expect some of the ones more exposed
are
> likely to suffer on the earnings side of things as they absorb and write
off
> the now non performing portion of their investments.
>
> Tom Worley
> stkguru@bellsouth.net
> AIM: TexWorley
>
>
>
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