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Strategies & Market Trends : Value Investing

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To: Logain Ablar who wrote (13956)2/19/2002 1:46:38 AM
From: blankmind  Read Replies (1) of 78534
 
Tim - or anyone with insurance -

- have an opinion on ESG Re - a bermuda reinsurer

- per my notes.... ESREF happens to be a totally undervaled stock:

- they're in the re-insurance business, which is entering an "up-cycle" in pricing & that's good
- $9.00/book value per share; trading at $3.25
- profitable for the latest quarter
- they've shed all their ridiculous sideline businesses
- they came out unscathed from the islamic terror attack on 11 sep
- best of all - they got upgraded by S&P
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