Global Indemnity plc (NASDAQ:GBLI)

CAPS Rating: 5 out of 5

The Company through its Insurance and Reinsurance Operations, is the specialty property and casualty insurers in the industry.

Recs

5
Player Avatar tenmiles (99.92) Submitted: 5/5/2008 10:29:13 AM : Outperform Start Price: $14.12 GBLI Score: +45.33

Speciality P&C company reported dispaointing quarter and facing difficult competitive enrionment, but most of that exposure appears priced in around $14. Sitting on signficant excess capital, this historical low teen ROE insurer now trades around 60 price/book. Believe downside is limited on this deep value play from current levels.

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