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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (55377)5/30/2015 6:23:23 PM
From: Spekulatius1 Recommendation

Recommended By
Mattyice

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BWINB - bought shares in various accounts this Friday. BWINB is a niche insurer with a focus on insuring truck fleets (transport insurance). I picked it based on the low P/B ( tangible book is around 27$/share and I don't think they even have intangibles on the balance sheet) and because they reserve very conservative -in fact that had positive reserve releases for each year in the last 10 years as far as the reserve triangles are shown. This means that the book value is very likely understated. Provided yield is around 4.4%.

Negatives:
Profits have stagnated. The company is over capitalized but does not buy back any shares. Fairly low liquidity in the shares.

finance.yahoo.com
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