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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (37441)	4/23/2010 1:50:06 PM
From: ValueAmigo	Read Replies (1) of 78757

A undervalued insurer that weathered the credit crisis quite well and even got an am best credit upgrade to A during the crisis period. at 60% of book value this one just needs to close the gap to be profitable. NWLI invests mainly in corporate bonds and did not suffer the large losses of the other insurers. mainly a life and annuity insurance company. Run by conservative folks. The bid ask can be wide and the share price can be quite volatile. the firm had two lawsuits against it, one settled for 17 mil and another outlier lawsuit had some ridiculous jury award over $100 mil which will be overturned. Got to believe this is what is holding it back from creeping higher. check it out for yourself. In at much lower levels but 60% of book for A rated conservative insurer seems a little ridiculous. It does tend to trade at a discount to book value because of the smaller float and closely held family run business.expect the gap to close to something like 85-90% of growing $307 book value eventually. love these high priced boring stocks.

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