Flagstone Reinsurance Holdings Limited (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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Following streetflame with this one.
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value
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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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Flagstone is a solid company within the worldwide specialty insurance market. FSR provides insurance to insurance companies so they can payout claims following major disasters. As you can expect after the catastrophies the world has witnessed over the last few years, insurance companies are lining up to cover themselves against losses. Fundamentally, FSR looks great. With earnings per share of $2.53 and a lower than industry average P/E ratio of 5.29, they have plenty of room for growth. They have a profit margin over 50% and a highly commendable debt ratio of 0.13. Grab on to this one with both hands.
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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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