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The Kobeissi Letter @KobeissiLetter on x 946.2K followers
Created: 2025-01-12 21:45:41 UTC
Here's Mercury General, $MCY, an insurance company with heavy exposure to the Palisades area.
The stock lost ~26% of its market cap heading into Friday, erasing ~$1 billion of market cap.
As damage estimates have doubled since, we could see this stock down MUCH more.
XXXXXX engagements
Related Topics market cap insurance $mcy