Flagstone Reinsurance Holdings Limited (NYSE:FSR)
The Company's core business is providing property catastrophe reinsurance coverage to a range of select insurance companies and other reinsurers, primarily on an excess of loss basis.
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Just a super cheap stock relative to free cash flow. Under the radar in an out of favor sector.
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It looks cheap.
BTW I do all my own stunts.
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Good secure stock; The flagstone group has extraordinary leadership with proven success record.
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This is a bet on a mild hurricane season, lack of earth quakes in california, and no killer tornados in the midwest. Althought there always seems to be killer tornados in the midwest. Well, 2 out 3 ain't bad.
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ReInsurance Makes Money.
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FSR is a brand new Cat-RE company that was started to take advantage of harder markets after the 2005 Underwriting year.
Assuming all goes will FSR could be the next AXS, and make shareholders quite rich.
FSR has already acessed the insurance capital markets via an issuance of subordinated debentures and the creation of reinsurance side cars.
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