RE: [CANSLIM] Life Insurers next?

From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] Life Insurers next?
Date: Mon, 12 Aug 2002 07:21:51 -0600
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If I remember right most of MSFTs cash is really just that parked in T-bills
etc.  But I obviously could be totally wrong on this one.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
Sent: Sunday, August 11, 2002 7:37 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Life Insurers next?


valid point Fred. I only mentioned life insurers as that was the focus of
the article I was reading. But any publicly traded company which has large
cash reserves and must invest it somewhere is likely to be potentially
exposed. Might be interesting to know where MSFT had all its cash parked.

- ----- Original Message -----
From: "Fred Richards" <adrich@gte.net>
To: <canslim@lists.xmission.com>
Sent: Sunday, August 11, 2002 9:32 PM
Subject: RE: [CANSLIM] Life Insurers next?


And why do you limit the discussion to life insurers? Property and Casualty
companies, Reinsurance companies, etc., are all at risk.

- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Kent Norman
Sent: Sunday, August 11, 2002 8:20 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Life Insurers next?


Norman

Although I am not sure if we are anywhere near the bottom, I don't
think we have to clear all the accounting scandals before they become
old news. One sign on a bull market is that it shrugs off bad news -
not that bad news ceases to exist.

My 2 cents
Kent Norman

- --- Norman <theboyd@tisd.net> wrote:
> 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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