Opinions
Irwin Michael, B.Com, MBA
EGI Financial Holdings Inc.
EFH-T
TOP PICK
Sep 20, 2013
$13.140
Stock price when the opinion was issued
insurance
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Involved in nonstandard automobile/motorcycle insurance as well as home insurance. BV of around $14.37 but Tangible Book is $13.50. No debt. Overly capitalized by over $35 million. Stable management. Basically Canadian, but their big driver is Europe. 25%-30% growth. Will probably earn about $1.30 next year. Have an option of putting in a dividend, free cash flowing or buying back stock. It could be a $20 stock. You have to be patient.