WSC. I'm not saying WSC is a bad investment. Only that I don't see it as good enough to warrant establishing a supersize position in it. To me, for a supersize position, I want to see very strong reward/risk ratio, and I don't see that with WSC. For the reasons I mentioned.
With BRK, you get a company that's seemingly on the move - big - unique - in catastrophe insurance, making big stock buys (e.g. with railroad stocks recently), having potential acquisitions, in the news frequently, recommended by professional value investors (e.g. with reports that fair value may exceed $150k/sh). WSC just looks moribund. I don't see a catalyst, I don't see sales growth, I don't see special niches.
That's jmo. From a surface look, and I admit I don't see that well. So I could be wrong.
For me, I just don't see where WSC is a better value play at current price than many other insurance stocks out there that I've purchased. Not saying it's worse, just not better enough to attract me into a buy.
(Edit: I've no shares of Berkshire either.) |
