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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (49951)11/3/2012 1:01:29 AM
From: Paul Senior  Read Replies (1) of 78751
 
MHLD. I sold my latest purchased lot in July. (I've been in since '09 with adds in '10 and ''11.) I've been wondering what I might do now as the stock has fallen.

What I like: Insiders still continue to buy. finance.yahoo.com Stock price below stated and tangible bv. Stated bv increasing most years. The stock offers an okay (in my view) dividend.

What I don't like: Not a long public history of the company. Stock has always (at least on average) traded below its book value.

What I don't know enough about, and therefore what I don't like: Presentation gives the metric "operating roe", which management explains in the appendix. Right now I'm not aware of any other insurance company or even any other company using this metric. (Did my memory fail me again?) Standard ROE which I use (from screen sites) shows modest performance at best over time: ih.advfn.com

I'll guess the insider purchases (esp. by Chairman Ziskin) may be key. I'll consider placing an order for a few shares -- at least buy back some of the shares I sold previously.
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