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$HIG 2Q15 Call: We complete the annual ground-up A&E reserve study in the second quarter. As a result of this year study, on a pre-tax basis, we strengthened our net reserves by $846MM for asbestos and by $52MM for environmental or a total of $198MM. This is down from 2014 of $239MM, comprised of $212MM for asbestos and $27MM for environmental.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.