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Strategies & Market Trends : Buffettology

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To: Freedom Fighter who wrote (1676)7/14/1999 8:32:00 PM
From: Shane M  Read Replies (1) of 4657
 
Wayne,

I posted a summary of my thoughts on ALL on the Value thread a few months ago. You might search SI on that thread for Allstate and see what you can find. Through my 401k matching my Allstate shares may make it my single largest equity holding.

Basically, I still wouldn't buy at present. The long term picture is extremely cloudy. I think there are alot of people in the company are working extremely hard to make the most out of the agency channel of distribution, but it's an uphill battle. Direct distribution models are gaining popularity, and we have a major channel conflict problem. How do we address the growing demand for the Direct channel without upsetting the existing agency force? It's very similar to the problem that Merrill Lynch faced with existing brokers, vs. popularity of online trading medium.

Shane
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