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Strategies & Market Trends : Value Investing

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To: Freedom Fighter who wrote (9451)12/29/1999 11:41:00 AM
From: Freedom Fighter  Read Replies (1) of 78671
 
To all,

Is anyone familiar with Capital Transamerica (CATA)?

It's a small company in the property casualty business. Book value of about 12 vs. price of 10 1/16 and a PE under 6.

Generally writes insurance at a profit, Rated A+, overcapitalized etc...

Invests for total return by holding a large portfolio of equities. Earnings reflect some capital gains but if the company were to reinvest the equity portfolio in bonds the EPS would be reasonably similar. So I don't believe that EPS reflects a one time capital gains windfall.

I just found it yesterday. If anyone has any insights please let me know.

Wayne
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