RenaissanceRe Holdings (RNR)

CodeCracker (< 20) Submitted: 1/26/07 6:43 PM : Start Price: $51.08 RNR Score: 23.27

RNR is conservative, high quality reinsurance company that's benefitting from a year of lower hurricane damage and increased pricing. The net effect is dramatically increased profitability that has made this stock undervalued. Earnings of $8.65 in '07 and long-term growth of 10% are the key numbers to think about. I'm buying this stock on a dip. The stock could rise past it's recent high of 60 to the 75 to 85 range from around 52 1/2 in the next year or so. I almost forgot to mention that there's a nice dividend while you wait.

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