"...The idea of owning a piece of the company could be more attractive to some potential clients than the idea of being a source of profits for investors. This is a competitive advantage to such companies. In the typical stock company, profits go to shareholders. In contrast, a mutual manages the company in the best interests of the customers. Furthermore a mutual company is able to focus on a longer horizon than a typical company. Some mutual insurance companies make this claim explicitly..." source: Wikipedia New horizons my friends! *NEW HORIZONS*WINDS OF CHANGE* ;)
Posted on: Thu, 27 Jun 2013 22:37:05 +0000
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