Endurance Specialty Holdings Ltd. (NYSE:ENH)
CAPS Rating:
The Company focuses on underwriting specialty lines of personal and commercial property and casualty insurance and reinsurance on a global basis.
The Company focuses on underwriting specialty lines of personal and commercial property and casualty insurance and reinsurance on a global basis.
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Recs
I haven't been too successful with my insurance picks. I'm batting about .500 as I write this pitch, but the value of Endurance Specialty Holdings is too compelling for any value investor to overlook.
The inside ownership isn't what I like to see in my usual CAPS picks, but the business is highly profitable with margins Microsoft would be proud of. It has very little debt, and it sports a healthy dividend for income investors.
The stock is cheap, plain and simple. With a single digit multiple and a PEG near .6, as I write this pitch, it's good enough for my money. I don't care what stock you invest in, the price of the stock is like a rubber band. If earnings go up, inevitably price goes up, and vice versa. This stock is due for the rubber band to snap in the upward direction.
Go Long,
Fool On!!!