Fred Pynn
Northbridge Financial
NB-T
BUY
Jul 26, 2006
The whole financial sector fits into a value mode. Strong, long-term growth potential. A good area is the property/casualty area. Just pre-announced some weak results as a re-evaluation of their losses from the hurricanes last year.
A fairly conservatively managed property/casualty insurance company. Making money on underwriting and they have done that fairly consistently. Profitability continues to improve. Reasonably cheap price to book. Good price.
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