American Safety Insurance Holdings, Ltd. (NYSE:ASI)

Covestor (< 20) Submitted: 3/11/2011 3:35:50 PM : Start Price: $20.50 ASI Score: +2.69

Covestor Model Manager Vista-Investment Management bought ASI in his Core Holding Covestor Model ( http://covestor.com/Vista-Investment-Management )

dollarvaluemenu (72.33) Submitted: 9/27/2010 1:33:22 PM : Start Price: $16.39 ASI Score: +14.29

value

JerryDreamer (< 20) Submitted: 8/17/2009 1:43:54 AM : Start Price: $15.97 ASI Score: +1.57

When the overly optimistic FOMC says that household spending will be "constrained" by sluggish income growth, ongoing job losses, lower household wealth, and tight credit AND Shanghai stocks hit a seven-week low, then you know this bear market rally is finally over!

ESCalanderAI (58.83) Submitted: 3/3/2008 7:38:25 AM : Start Price: $19.12 ASI Score: +7.59

EXP POS EARN

cdempsey1221 (97.12) Submitted: 11/28/2007 6:36:17 PM : Start Price: $19.44 ASI Score: -14.90

Highly competitive market, softening margins, weak ratios lead me to believe their in a "ride out the storm" pattern for their business. They are domiciled in Bermuda, and state in their 10-K they cannot pay a dividend to to solvency issues to their insured. Their expense ratio (~38%) is high, even for their market, and their combined ratio (95.3%) isn't much better.

Commercial insurance is an extremely price sensitive, and risky business. The major business segment was US construction, and they're taking a hard hit on earned premium; and will also have a hard time getting this business as profitable as it once was.

The main thing that worries me is their inability to give a divendend, and their main business segment losing ground, and the possibility of having to misprice their products to gain customers. A lapse in underwriting principle could be really be a problem for a small company like this, and it will be hard to maintain strict underwriting standards in this market.

albanyfx (< 20) Submitted: 10/29/2007 2:36:10 PM : Start Price: $20.47 ASI Score: +13.84

GReat company, Great P/E, so low! it cant be ignore by my personal port or Fool's port.

KNsurfer (69.23) Submitted: 9/9/2007 8:36:45 AM : Start Price: $19.75 ASI Score: +12.64

:)

PeterLinch (23.67) Submitted: 6/29/2007 9:16:56 PM : Start Price: $23.78 ASI Score: -3.08

American Safety Ins. has all the makings of a 10 bagger over the next decade.

They have significant inside ownership, high marks on all profit indicators, very little debt, and a great management crew.

I see great potential with this investment. Based on my valuation work, my price target for these shares is $38-$39 at current levels.

MarkBDow (91.08) Submitted: 4/8/2007 9:30:59 AM : Start Price: $19.91 ASI Score: +10.08

Currently trading at less than 10% over its book value and in a niche market, this company should continue to perform very well for the next several years with a very limited downside.

GotBuffet (78.37) Submitted: 2/14/2007 1:55:40 AM : Start Price: $18.30 ASI Score: +19.33

Supervalue

FeverPred (87.95) Submitted: 1/22/2007 6:24:15 AM : Start Price: $18.64 ASI Score: +15.98

For most Small Cap companies, good management = success. This company has some of the best and has nowhere to go but up.

Porquapa (34.58) Submitted: 12/16/2006 8:05:02 PM : Start Price: $18.35 ASI Score: +17.44

momentum, low PE, fundamentals