Ann: Trading Halt, page-18

I have been out of this stock for quite a while but also bought back in today at below $8.40
The reasons I bought back in are:
(1) Stocks initially drop when a CR happens but they generally recover pretty quickly so the time to buy them is when the SP initially drops to close to the CR price (which it did this morning).
(2) Many stocks will be doing CR's and QBE have been clever in getting this out of the way early.
(3) Any bad news would have to have been disclosed in the prospectus so its unlikely we will get any new major bad news in the short term.
(4) You would think that over the next 6- 12 months insurance claims will be lower than normal due to less people driving, less house burglaries due to more people at home and less future bush fire claims (as a lot of the bush got heavily burned out this season).
(5) Its a good defensive stock to hold in times of uncertainty.
(6) The government/APRA are less likely to stop them paying dividends (compared to the banks).
(7) The stock is undervalued at this level.