Much of CINF's investments is in Fifth Third stock.
Jack Schiff runs Cincinnati Financial. He's now dropping off the 5th/3d Board.
CINF is now 27, down from 42. What's the world coming to?
From the yahoo finance CINF message board for this company (CINF):
More Bad News Next Quarter? 30-Apr-08 10:47 am
All in all, this earnings release is very poor. Nothing is growing, margins are decreasing and CINF had to book an unusual entry to take down their investment portfolio. Book value has decreased by a whopping $6 per share over the last year - that's 15%!
And this was April 30th. Today 5th/3d's stock is 1/2 what it was then!
Thursday, June 19, 2008
Fifth Third Spillover Hurts Cincinnati Financial
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