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Re: None

Tuesday, 07/07/2020 11:47:35 AM

Tuesday, July 07, 2020 11:47:35 AM

Post# of 113841
KINS - buying shares of KINS here under $5. Pre-announced strong results last night with book value per share $9.01 and operating EPS of $0.22. I think their commercial insurance blunders are behind them and with Barry back at the helm, the focus is on improving profitability and strengthening the book and balance sheet. At roughly half of book value, I think this represents a good opportunity to hold a strong profitable company that will look rly trade back up to book value with a few more solid quarters of execution. This is Barry’s second go around on KINS. There is a hefty change of control bonus in his employment agreement, which is where I see this heading in the next year or two.

I also like how they modified their trading blackout rules a week or so ago to include the scenario where they pre-announce their results. Should have taken that as a sign there were about to do it with positive results... oh well, wouldn’t be surprised to see some insider buys roll in the next few days/weeks.

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