KINS
I Brought some KINS Sub $9 Avg here is what I like.
1) KINS had a mind blowingly good q2 of .36, and in net operating Income of .34, which excludes the realized gains of .02. But their was a prior year development that needs to be exed out as well so in reality I see earnings at .37 for the quarter. I expect earnings to be in the .35-.40 range the next two quarters. Followed by a .15-.20 quarter in q1 which is seasonally weak. Hence we are looking at $1.25-1.35 going foward, hence A pe of 10 and the the stock is worth around $13, so It is very cheap under $9.
2) Management is very good, and extremely conservative which I happen to like, yet they continue to grow the company very prudently in my opinion. With the eventual roll out of other state in the the next year, which I happen to like.
3) KINS also pays you a decent divy of around almost 3% while you wait, so that is a plus as well.
Conclusion: I like KINS and will continue to add on weakness, I think they are a solid growth story who right now doesn't face the hurricane risks that other small insurance companies do. Management is smart and prudent, and quite frankly the stock is just too cheap to ignore at current levels in my opinion. All is just my opinion, and I could always be wrong though.
