While the earnings appear positive for the quarter, I have a real concern about the lack of diversification in the business after shedding segments counter cyclical to the P&C results. In 2008 the company was exploring the sale of the P&C arm because of poor results compared to the financial operation. Now that’s all they have left. That light at the end of the tunnel is an oncoming train. Beware!!
While the earnings appear positive for the quarter, I have a real concern about the lack of diversification in the business after shedding segments counter cyclical to the P&C results. In 2008 the company was exploring the sale of the P&C arm because of poor results compared to the financial operation. Now that’s all they have left. That light at the end of the tunnel is an oncoming train. Beware!!