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6 pts

Opinion on  AXA (AXA)     Sector: Financial  >  Industry: Insurance (Life)
French Insurance co.with EM exposure

Feb 25, 2008 09:53 AM GMT
India_flag_background
Return Risk
-4.58% MID
Sr. Associate

Fundamental Analysis   Favorable/Unfavorable Valuation  

http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013...

AXA is Europe's second largest insurer.Insurance companies have been beaten down along with banks inspite of their low subprime exposure thus presenting attractive valuations.AXA has been on a buying spree taking over insurance companies in Russia,Turkey and Mexico which will benefit the company going forward.

http://www.bnamericas.com/news/insurance/AXA:_Newly_acquired_...

http://www.foxbusiness.com/markets/industries/finance/article...

http://www.marketwatch.com/news/story/axa-enter-russia-paying...

It is also present in India.

http://www.thehindubusinessline.com/2005/08/25/stories/200508...

The stock will be volatile moving with negative news from the financial markets so it is a buy on dips averaging as we go along.


AXA:  This call was made on 02/25/08 @ $34.11
Rating:   Positive   $34.11 (02/25/08)
Closed:   02/28/2008 @ $34.79 (+1.99% in 3 days)


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Thomas George previously rated AXA
Positive +0.00% Bullish on AXA ...
02/25/2008
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