Kingsway Financial Services

KFS-T

Analysis and Opinions about KFS-T

Signal
Opinion
Expert
SELL
SELL
April 2, 2009
Not a well managed company. She has shorted this one in the past. Have the lumpiest quarters on the planet. Every year there is always one quarter where they hugely disappoint.
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Not a well managed company. She has shorted this one in the past. Have the lumpiest quarters on the planet. Every year there is always one quarter where they hugely disappoint.
SELL
SELL
March 20, 2009
Every quarterly earnings report he has seen in the last 2 years continually gets worse. Claims in their Lincoln Financial are greater than the premiums.
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Every quarterly earnings report he has seen in the last 2 years continually gets worse. Claims in their Lincoln Financial are greater than the premiums.
COMMENT
COMMENT
March 18, 2009
Fundamentals are not very good. A lot of analysts have been downgrading this. Chart doesn't show a lot of support. Now pulling back fairly strong and he wouldn't be surprised to see it drop another $.50. If it breaks below $2, wouldn't be surprised to see it hit $1.
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Fundamentals are not very good. A lot of analysts have been downgrading this. Chart doesn't show a lot of support. Now pulling back fairly strong and he wouldn't be surprised to see it drop another $.50. If it breaks below $2, wouldn't be surprised to see it hit $1.
COMMENT
COMMENT
March 12, 2009
(Market Call Minute.) High risk but could be a huge gainer.
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(Market Call Minute.) High risk but could be a huge gainer.
HOLD
HOLD
March 10, 2009
Now in restructuring. A dissident shareholder group has caused some changes at the board level. Made an error in acquiring Lincoln National. Parts are probably worth more than the current market price.
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Now in restructuring. A dissident shareholder group has caused some changes at the board level. Made an error in acquiring Lincoln National. Parts are probably worth more than the current market price.
HOLD
HOLD
October 30, 2008
Real problem has been the US operations. Has been an erosion of capital but they have been shoring it up and have made a few sales of some of their assets. Well run company for the most part.
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Real problem has been the US operations. Has been an erosion of capital but they have been shoring it up and have made a few sales of some of their assets. Well run company for the most part.
BUY
BUY
August 14, 2008
Recently been buying more. Stock was oversold and is selling at half of BV. Historically have been this low in the past but moved up to be selling at 1.5X BV. US subsidiary Lincoln caused most of their grief and hopefully this is now over. Core underlying earnings of roughly $.40 a quarter but with write-downs this year will be flat. Expecting earnings to be well in excess of $1 maybe $1.50 next year and going forward.
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Recently been buying more. Stock was oversold and is selling at half of BV. Historically have been this low in the past but moved up to be selling at 1.5X BV. US subsidiary Lincoln caused most of their grief and hopefully this is now over. Core underlying earnings of roughly $.40 a quarter but with write-downs this year will be flat. Expecting earnings to be well in excess of $1 maybe $1.50 next year and going forward.
SELL
SELL
May 21, 2008
(Market Call Minute.) Too complicated.
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(Market Call Minute.) Too complicated.
SELL
SELL
February 19, 2008
Insures bad drivers. Have had tremendous problems with their US units, particularly in taking reservations for accident claims that are inadequate.
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Insures bad drivers. Have had tremendous problems with their US units, particularly in taking reservations for accident claims that are inadequate.
DON'T BUY
DON'T BUY
January 15, 2008
Faced some issues in terms of write-downs and under writings that where over extended. Management is changing. Underwriting has been aggressive. Will probably have to show a couple of quarters of improving fundamentals before it will start moving forward.
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Faced some issues in terms of write-downs and under writings that where over extended. Management is changing. Underwriting has been aggressive. Will probably have to show a couple of quarters of improving fundamentals before it will start moving forward.
SELL
SELL
January 9, 2008
(Market Call Minute.) Wouldn't touch this one now. Something is still wrong.
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(Market Call Minute.) Wouldn't touch this one now. Something is still wrong.
BUY
BUY
January 8, 2008
Have had to take all kinds of reserve hits on one of their US holdings, but the stock has been largely oversold. Has a BV of about $17.50, so is selling well under book value.
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Have had to take all kinds of reserve hits on one of their US holdings, but the stock has been largely oversold. Has a BV of about $17.50, so is selling well under book value.
COMMENT
COMMENT
December 20, 2007
Getting down to a level where it is beginning to be quite interesting. FMV for the stock is quite a bit higher. Have to wait to see if there's going to be any earnings forecast breakdown.
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Getting down to a level where it is beginning to be quite interesting. FMV for the stock is quite a bit higher. Have to wait to see if there's going to be any earnings forecast breakdown.
HOLD
HOLD
November 27, 2007
The problem with this company seems to be in their US operations and they have some challenges there. Give them a little bit more time to work through it.
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The problem with this company seems to be in their US operations and they have some challenges there. Give them a little bit more time to work through it.
DON'T BUY
DON'T BUY
October 15, 2007
Has had a disappointing performance, markets are tough in the US. Preference is to go with a larger cap name, although it is near book value which makes it more tempting.
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Has had a disappointing performance, markets are tough in the US. Preference is to go with a larger cap name, although it is near book value which makes it more tempting.
Showing 16 to 30 of 199 entries