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October 23, 2007 WR Berkley Down on Earnings News

Shares of WR Berkley (BER) are down on what I thought were decent earnings. The company earned 93 cents a share compared with 87 cents last year. This is operating earnings as that's the more important number to follow with insurance stocks. Wall Street was looking for 91 cents a share.

The stock is going for less than eight times trailing earnings.

Posted by edelfenbein at October 23, 2007 1:34 PM

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