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ajr72

03/26/12 4:00 PM

#2748 RE: ChrisJP #2747

Just a restatement of what we already know. They had investment losses of $14.5 million for the year vs. gains of $30.6 million the previous year. They've probably made most of that back the first 2-1/2 months of this year.

Net income for the full year was $20.1 million vs. $37 million for previous year.

Nothing earth shattering, but knee jerk selling.

TechKim

03/26/12 11:11 PM

#2749 RE: ChrisJP #2747

There was mixed cause to sell. Could not duplicate or for that matter at least stabilize a repeat performance. Then let us not forget hurricane season is fast approaching. I would predict that even a small sneeze might start a sell off. There is also those who just sell on news regardless.

The highlight was the news broadcasting a $2.3 million loss for the fourth quarter, as compared to making a net income of $6.2 million for the same period of the prior year.

After reading the news. I tend to believe the sell off volume was far from punishing by sell off investors. That kind of news could of brought out a lot worse in my opinion.