After all the theatrics they sell for an extra $.22/share...ridiculous. As a latecomer I wont complain.
Jigsaw, thanks for the writeup, more timely it could not have been
Looks like most of the institutional holders stuck with Courtney. Is SUAI the ultimate value trap that will never earn adequate ROE or does Hallmark still have some tricks up its sleeve?
I agree with what you wrote, especially the second half of your paragraph. Perhaps taxess matter to me more than you due to our relative purchase prices or due to who's money you're managing, but... login to read the rest
I disagree that the company isn't worth book value. That's like saying a high grade fixed income mutual fund isn't worth book value. These guys have actually written break even insurance over time. That, in... login to read the rest
Coda, I am definitely not the resident expert on SUAI since I've only become involved in the last couple months, so I hope others can chime in at some point.
1) It's a waste of time... login to read the rest
Baby steps?
"I am writing to you today to formally confirm my interest in meeting with the SUA directors as you suggested. In order to facilitate such a meeting, I commit to making myself available in person
Conservatism was a function of the environment, not really a conscious decision to outsmart the market.
I told management the obvious: they have failed to meet profitability targets, their B+ rating has limited the company, they... login to read the rest
any thoughts on the earning/cc? I am surprised the call was so short and mgmt refused to address the proxy fight question. Give them credit for the conservative investments but operating performance is dismal. Too... login to read the rest
Sorry, as a late comer to the thread, I need a small hand. The mostly positive feed-back re: Way...is that a reason to dig more deeply into HALL, or is there some hoped for catalyst... login to read the rest
question for all the resident experts on the stock.
Has anyone done any work on HALL? Was their stock-for-stock take-over proposal sincere? If they are successful nominating 3 directors this time, aren't they effectively getting control... login to read the rest
Thanks for the rant, because I still don't understand. I own this since 2005. I understand why a car dealer wouldn't get liquidation but insurance guys really should understand basic financial decisions like opportunity cost.... login to read the rest
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