Rob Haines
Rob Haines
companies compete critical fragmented highly insurance lack life mass players profitable remain rife sector smaller survive
Most life insurance companies lack the critical mass to survive long term. The sector is highly fragmented and rife with overcapacity. We do not see how most of the smaller players can effectively compete and remain profitable in this environment.
earnings line negative
Earnings were essentially in line to mildly negative because of the adjustments.
cheap expect franchise good growth headache stock
I don't expect the Wachovia (joint venture) to be a big headache going forward. It's not a cheap stock but it's still a good franchise with good growth prospects.
cloud company largest
This settlement removes the largest cloud overhanging the company.
quarter
It's disappointing that they are restating earnings. We don't want another quarter of surprises.
casualty earnings missed operating property side target worse
It was a mildly disappointing quarter. Operating earnings missed the analysts' target and the property and casualty side was worse than I thought.
answer call conference pricing question retain risk tomorrow
The big question Allstate will need to answer in its conference call tomorrow is how much of the risk they'll retain and what will be the pricing trends,
bite example far issue
It's another example of how asbestos can bite you. This issue is far from done.
company earned
It was disappointing to have another restatement, but the company still earned $1.8 billion.
blew street strong
It was a very strong quarter. They blew away the (Wall) Street estimates.
adjusted weaker
It was a disappointment but not a disaster. It was weaker than the consensus, but not everyone had adjusted for the charges.
banks clear companies financial insurance likely model people rewarded spinning talk
A lot of people used to talk about the financial supermarket but it's clear that companies aren't getting rewarded for that model anymore. For the foreseeable future, it's likely banks will be spinning off (or selling) their insurance operations.
company excuse growth guided looking run sell stock
The company guided expectations that 2006 growth would slow. This stock has run up and was looking for an excuse to sell off.
active buying shares
Allstate has indicated it will be very active in buying back its shares this year.