Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spekulatius who wrote (63901)	5/4/2020 11:54:04 AM
From: Paul Senior	Read Replies (1) of 78921

Everest Re (RE). Adding to my position. Long-tail insurance at 33% (as of 2019) might be, or maybe is, significant. Could come back to bite RE. Otoh, I see no reports or anything that indicates it's a problem now. Stock market drop could - maybe - be foretelling it. Otoh, market, insurance stocks are all down. RE has on average (median over past ten years) traded at slightly over 1x book value. It's at about five year low now at .7x. Book value has grown about 12% cag since 1995. Combined ratio is under 100% over past ten years. Trades at under 4x free cash flow/sh (Seems low to me if so, but I don't understand the innards of the insurance business.) No div cut in past 15 years. Div yield now about 3.8% Looks to me like a decent reversion-to-mean play. Well, my opinion anyway, so I am buying as stock falls. finance.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next