Kingsway Financial Services (KFS.TO) Buy,…

Kingsway Financial Services (KFS.TO)

2.75

-0.10 (3.51%)

as of Dec 20, 2018, 8:29:49 am Market Open.

4 watching

DON'T BUY

Just announced some great earnings and if you look deeper into the earnings, they had a zero tax rate which is how they hit their EPS number. The problem in the short term is that some of their insurance markets are starting to roll over. A cyclical business.

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BUY

A really good company. The steps that the Ontario government have taken to crack down on fraud have been beneficial.

HOLD

Has had so many disappointing quarters that the market is cautious and not favourably inclined to management. The cycle has turned. If you own, give them another quarter. A cheap stock.

PAST TOP PICK

(A Top Pick Oct 12/04. Up 9.5%.) All results in 2004 have exceeded expectations.

TOP PICK

Management has been able to stabilize the situation. The basic insurance business is operating profitably plus they have got their investment business on top of that. Cheap. Good growth.

BUY

PE ratio is around 9. Has solid 4 quarters of results in both revenue and profit growth, but the stock doesn't move in relation to this. Has a bit of a credibility issue the last couple of years. Very cheap. Should break out of this trading range.

BUY

With all the problems of Enron, hurricanes, etc. insurance companies have been able to raise their rates. Outlook continues to be quite positive.

BUY

A good time to buy.

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TOP PICK

Lost a lot of credibility a year ago when they were forced to take higher reserves for accidents. Think they have their act together now.

WEAK BUY

Have had a lot of misses. Trying to build credibility. Looks cheap but watch out for the Whoops factor. Once they get a few good quarters, the stock could appreciate 20%.

WEAK BUY

An excellent company. The Property/Casualty area is very volatile. The earnings stream can also be volatile.

BUY

Good value here. Expects their earnings will be fairly good going forward.

TOP PICK

Reserve issue is being resolved. May see lift in stock price. Trading at 7.5 times percent forwards earning.

DON'T BUY

Tend not to buy insurance companies. Specializes in high risk drivers and are very cyclical in nature. Could treat as a trade between $13.60 and $17.

TOP PICK

Huge growth. Finally seem to be getting their combined ratio under control in the last quarter. Earns $2 this year and $2.20 next.

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Kingsway Financial Services (KFS.TO)