When you look at any catastrophic event, it's a knee-jerk reaction to sell these stocks.
The fundamentals of industry pricing have changed for the better.
The business could fetch 60 to 80 percent of its $2.5 billion book value -- probably in the $1.5 billion range.
Unfortunately, you have some smaller companies there that are willing to pick up the slack, but they'll be taking on a big risk and may in some cases put their franchises at risk. They're the people that think they can do it better than the big guys can.
