RE: [CANSLIM] Life Insurers next?

From: jch <jchjch@earthlink.net >
Subject: RE: [CANSLIM] Life Insurers next?
Date: Mon, 12 Aug 2002 11:48:32 -0500
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Don't forget Major Banks exposure--see the following:
>http://www.innercitypress.org/jpmchase.html and

http://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&q=jp+morgan+chase+%26+co+bad+news&btnG=Google+Search
(long link may wrap to second line)
John Heiman

>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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>
>=====
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>
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