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Several of my lucky charms are back

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November 01, 2007 – Comments (2)

Most notably All-Star. How I've missed you. All of you. But mostly you, All-Star. (They're always trying to get hold o' me lucky charms!)

I was recommended AHL (Aspen Insurance Holdings, Ltd) by the CAPS algo. I looked it up, dug into it, and it looked pretty good, except for the 2005 section of the Cash Flow Statement, wherein we find $787M in positive cash flow from Sale/Purchase of Stock. AHL is only a $2.43B company, so you're talking about (legally) stealing something like a third of your shareholders' invested money. No matter what you can say in favor of a company and its stock, if it sells huge numbers of shares to raise cash, it's next to impossible for its share price to go up.

Contrast that with SAFT (Safety Insurance Group Inc). Like AHL, they have great looking numbers on the balance sheet, cash flow statement, and good, sustainable, growable dividend. But SAFT sold only about $6M of stock in the last four years, with a current market cap of $584M. 1% dilutive vs 30% dilutive.

What concerns me about SAFT, as with all insurance companies except BRK, I just don't know anything about the quality of the investments, which is such a big part of this business. I might just wing some real $ on SAFT anyway, though.

On a completely unrelated note, I've noticed that the "Underperform" balloon that pops up when you filter for underperform pitches on a stock's page, won't go away, no matter what, unless you navigate away from the page and return. It obscures the pitch page selection. Also, it really gets on my nerves when I start blogging or commenting or pitching, and my cursor repeatedly jumps to the stock search field, even after I've clicked on the appropriate text field. And one last thing: I requested help for something particular (which I don't want to talk about in my blog), and no one got back to me. It's been several weeks. Is there an email address I can use where I'll get a response?

2 Comments – Post Your Own

#1) On November 01, 2007 at 12:57 PM, TMFCHarris (99.61) wrote:

Fleabagger,

Did you send an email via the Help tab? If you did, could you send it again, because I don't see it in the queue.

-Chris 

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#2) On November 02, 2007 at 1:10 AM, FleaBagger (28.26) wrote:

I don't see an email thing on the Help tab. I think I tried the Contact Us tab, which I'll try again while I wait for your response. Thanks for your attention. (How did you find my post so fast?)

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