May 13, 2010
– Comments (6)
It looks like I should be adding this stock to my "Cover Shorts" list. The insider ownership is still lower than I care for, but it's trading below book value as of May 13, 2010, and that's bad news for bears.
Not many people shorting insurance these days. What little interest there is,is mostly concentrated in the dirty, derivative laden balance sheets like Conseco, XL and AIG. And of course other financials like banks are more heavily shorted. Unum never even posted a loss in the credit crisis, so you know they are pretty solid.
To MegaShort, I take it from your username that you specialize in shorting ratther than going long. Care to give me a hint or two on deciding when to cover a short and when not to?
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