Comments on: Selling Hartford, Buying Canadian National http://alephblog.com/2009/05/16/selling-hartford-buying-canadian-national/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 21:31:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: erichttp://alephblog.com/2009/05/16/selling-hartford-buying-canadian-national/comment-page-1/#comment-21779 eric Tue, 19 May 2009 12:55:21 +0000 http://alephblog.com/?p=1720#comment-21779 ANAT is the sister company of NWLI. Take a look at that one. ANAT is the sister company of NWLI. Take a look at that one.

]]> By: Ron McCabehttp://alephblog.com/2009/05/16/selling-hartford-buying-canadian-national/comment-page-1/#comment-21766 Ron McCabe Sun, 17 May 2009 03:23:39 +0000 http://alephblog.com/?p=1720#comment-21766 David, any details on why Assurant is getting double weight? They just missed earnings, are seeing some mark-to-market losses in their portfolio (but not nearly as much as at other firms), their growth engine (Specialty Property) will slow when housing bottoms, and their other units (Emp Benefits, Solutions/Extended Warranties) are suffering due to rising unemployment and the bankruptcies of major customers like Circuit City and the consumer's major spending retrenchment. Meanwhile, the SEC investigation into reinsurance side agreements has never (as far as I know) been resolved, and they've been advised by legal counsel not to buy back stock while the SEC mulls the case. I think the reinsurance side agreement, a tiny $7 mm from years ago, is minor, but the SEC has enough on its plate (Madoff, defending its competence and existence) that they could leave the inquiry open for years. Meanwhile, AIZ has lagged most other insurance stocks in the rally. (Maybe that's why you like it.) David, any details on why Assurant is getting double weight? They just missed earnings, are seeing some mark-to-market losses in their portfolio (but not nearly as much as at other firms), their growth engine (Specialty Property) will slow when housing bottoms, and their other units (Emp Benefits, Solutions/Extended Warranties) are suffering due to rising unemployment and the bankruptcies of major customers like Circuit City and the consumer’s major spending retrenchment. Meanwhile, the SEC investigation into reinsurance side agreements has never (as far as I know) been resolved, and they’ve been advised by legal counsel not to buy back stock while the SEC mulls the case. I think the reinsurance side agreement, a tiny $7 mm from years ago, is minor, but the SEC has enough on its plate (Madoff, defending its competence and existence) that they could leave the inquiry open for years.

Meanwhile, AIZ has lagged most other insurance stocks in the rally. (Maybe that’s why you like it.)

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