[CANSLIM] Life Insurers next?

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] Life Insurers next?
Date: Sun, 11 Aug 2002 19:27:48 -0400

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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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