SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Art of Investing
PICK 53.73+2.6%Jan 5 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sun Tzu who wrote (7909)1/15/2024 3:31:38 PM
From: sixty2nds   of 10721
 
SKWD is IMO is an interesting Specialty P & C Co.

SKWD is making hay in places like CA and other markets where some large traditional insurers are fleeing.

SKWD is grabbing market share and profits.
I like the 50-50 business split between Excess/Surplus and Specialty Insurance.
They seem to have some pricing power.

I like that SKWD services commercial clients not individuals.

I don't like its short trading history having gone public January 2023 +/-$19/sh
I don't like that Westaim Corp sold 3,600,000 of its 10,800,000 shares as SKWD did a 2ndry share issue.
Westaim's COO left the SKWD Board along with another Westaim representative.
They'd been on the BOD 10 years.

It looks like a major shareholder, Westaim, might not like future plans for that 2ndary share issue.
They might be planning to sell the remaining 7,200,000 shares into any strength in SKWD stock price.

What do you think about SKWD?

Cheers,
60
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext