TSE:KFS

Kingsway Financial Services (KFS.TO)

2.75
-0.10 (3.51%)
as of Dec 20, 2018, 8:29:49 am Market Open.
4 watching
0
BUY ON WEAKNESS
Likes it technically, but it has been stuck in the mud. Has as significant overhead resistance at around $16.
BUY
Has expanded rapidly over the last several years which has resulted in a lot of volatility. Started to see some improvement in the last quarter. Very attractively valued.
PAST TOP PICK
(Past top pick Feb 9/ 2004 up 1.5%) This company is doing well. Hoping to see good results in combined ratio. Potential for real profit. Maintaining hold.
DON'T BUY
Has been a very troubled company. Some credibility issues with management.
DON'T BUY
You never know what problems are going to hit, so not happy about the reliability. They consistently miss earnings, there's always questions about accounting and their reserve situation is very unclear.
DON'T BUY
When buying insurance companies, you have to make sure they are astute at pricing risks. Basically has grown through acquisitions. Too many adjustments to their reserves.
WEAK BUY
A good entry point. Numbers were disappointing last week in that they had to increase their reserves. Its trading at almost book value.
TOP PICK
Participates in a less price sensitive part of the market. Selling at close to book value of $13. Profitable company.
TRADE
Well run operation. Never going to have a high multiple, because of the nature of the business.
DON'T BUY
Model price of around $25. Not big fans of insurance companies.
TOP PICK
Selling at a very modest premium to book value @ $14 range. Could earn$2 and next year $3. A lot of underlying earnings power. Good respect for management.
DON'T BUY
It seems that every couple of years they run into some reserve problems. Too risky.
BUY
Company is expecting their loss ratio will be much improved this year. Believes the fair market value is $20 but will have to do well for one or two quarters to make believers.
PAST TOP PICK
(A past top pick Nov 17/03. Up 6.7%.) The head of the US division has been asked to step down and the stock took a big drop. Because it is so cheap, they are trying to buy more now.
WAIT
The person running me US operations just resigned, so the stock got hit. A very efficient company.
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