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Blogs about SAF

Blogs	Description	Date Updated
I Don’t Get It	1) Liberty Mutual buys Safeco? Pays 1.75x book, and 11x estimated earnings? Mutual companies have limited access to the credit markets, and have no equity to pay with, so it is mainly a cash deal. They must have had a lot of cash lying around — might we wonder why they might not have enhanced policyholder dividends instead? This is not an economic use of capital in my opinion. Kudos to those who owned Safeco — it was cheap, though in the negative part of the underwriting cycl...	April 24, 2008
I Don’t Get It	1) Liberty Mutual buys Safeco? Pays 1.75x book, and 11x estimated earnings? Mutual companies have limited access to the credit markets, and have no equity to pay with, so it is mainly a cash deal. They must have had a lot of cash lying around — might we wonder why they might not have enhanced policyholder dividends instead? This is not an economic use of capital in my opinion. Kudos to those who owned Safeco — it was cheap, though in the negative part of the underwriting cycl...	April 24, 2008
Fast Money Recap	Word On The StreetWORD VIDEOMicrosoft Earnings TradeMicrosoft (MSFT) is set to report earnings on Thursday after the bell. What is the trade? Adami thinks MSFT will report solid earnings and the stock will trade to $35. Najarian likes the way that MSFT is trading, but he said if it trades higher investors should sell the stock - it doesn't seem to hold its gains well.Casual Dining Stock TradeCasual dining stocks are rallying despite of rising energy and food prices. Brinker (EAT) traded higher a...	April 23, 2008
Wall Street Rumors - April 23, 2008	Daily Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here. Apple Earnings Rise 36%; Profit Forecast Falls Short Apple Inc. (NASDAQ:AAPL) reported a 36 percent jump in second-quarter profit after winning customers for Macintosh personal computers. The stock fell after the earnings forecast fell short of some projections. Starbucks Blames Weak Economy In U.S. for Lower Outlook for Year Starbucks Corp. (NASDAQ:SBUX) projected lower fiscal second-quarter profits and cut it...	April 23, 2008
Safeco Acquired, Another P&C Insurer Disappears (SAF)	Liberty Mutual has agreed to acquire Safeco Corp. (NYSE: SAF) for some $6.12 billion this morning. Liberty offered to purchase all outstanding common shares at... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ...	April 23, 2008
Liberty Mutual buys Safeco at a 51% premium, who's next?	Filed under: Industry, Progressive Corp,Ohio (PGR)AP reports that Liberty Mutual, the nation's largest provider of workers' compensation insurance and its sixth largest property-casualty insurer, is buying Safeco (NYSE: SAF) for $6.1 billion, a 51% premium over Tuesday's close. Having spent years working for Liberty Mutual in the 1990s -- part of it for Gary Gregg, who heads the Agency Markets unit that will manage Safeco -- I know that this deal may well be the largest in its history. Safeco s...	April 23, 2008
Wednesday's Upgrades and Downgrades	UpgradesVeeco Instruments (VECO)- AmTech Research Neutral » Buy Lubrizol (LZ)- KeyBanc Capital Mkts Buy » Aggressive Buy Medcath (MDTH)- Wachovia Mkt Perform » Outperform Carrizo Oil & Gas (CRZO)- Sun Trust Rbsn Humphrey Neutral » Buy Time Warner (TWX)- UBS Neutral » Buy Schlumberger (SLB)- Bear Stearns Peer Perform » Outperform Liberty Media Capital (LCAPA)- Lehman Brothers Equal-weight » Overweight Eldorado Gold (EGO)- Credit Suisse Neutral » Outperfo...	February 13, 2008
Thursday's Upgrades and Downgrades	UPGRADESAmcol (ACO)= Wedbush Morgan Hold » Buy Vistaprint (VPRT)= AmTech Research Sell » Neutral MeadWestvaco (MWV)= Lehman Brothers Equal-weight » Overweight Johnson & Johnson (JNJ)= Stanford Research Hold » Buy Cache (CACH)= Sterne Agee Hold » Buy Ariba (ARBA)= JP Morgan Underweight » Neutral Cedar Shopping Centers (CDR)= BMO Capital Markets Market Perform » Outperform BJ Services (BJS)= JP Morgan Underweight » Neutral DIRECTV (DTV)= Kaufman Bros ...	January 24, 2008
Today in Money & Finance - Tuesday, June 5 -- iPhone, Insurers Tattle on Kids, Decadent Hotels & Gourmet Foods on a Budget	Filed under: Products and services, Industry, Time Warner (TWX), Money and Finance Today, Avaya Inc (AV), News Corp'B' (NWS), Dow Jones and Co (DJ), iPhoneIn the News: · Bernanke Says Inflation Risks Remain · Oil Steady as Fears Ease on Gulf Storm · Murdoch Labels Dow Jones Talks Constructive · Avaya OKs $8.2B Private Equity Buyout · Honda Will Quit Making Hybrid Accords · Pizza Hut Offers Online Ordering · Concerns Emerge Over iTunes User ...	June 05, 2007

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