spg20421 May 2008 21:18
.. I need an answer to the tree shaking theory too. I like FP , as a cfd day trader this one is what I would say , a potential shooter. If you are in , great , but at what entry price. I average iro 10 trades a week with FP. There is alot of bother over some aspects of insurance that was profitable that might not be any longer should proposed government shakeup's be forthcomming. Insurance heads have met up , had lunch , have gone to no11 , had lunch again , etc... this , to me, has upset institutional investors that have not been invited. Bottom line , I like undervalued insurance companies that make monies. OLM , RSA , LGEN , all good stuff. The problem with FP is that they are easily criticised over the fiasco with resolution and pearl. The other problem is the killerweed FP placed upon flower power. Both are negatives to some and with financials being dragged down in the trapping , FP's SP dwindles. It's a bit like Sainsbury's, they could have done a deal at 600 but dithered and markets swung against them whilst they did so. For Sainsbury die hards, when they see 700 , no doubt it would be worth the pain they have now have to voluntarily endured. With FP , however , they are smart. They do not have family issues , like sainsburys , FP know what they have and what it is worth. Ok , they have invested monies in companies that drop in value as the companies they have invested in drop , but , FP has a few jewels too that increase in value.