Alleghany Corp (NYSE:Y)
The Company is engaged, through AIHL & its subsidiaries RSUI, CATA and Darwin, in the property, casualty and surety insurance business.
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I don’t have much to add to what’s already been covered by some of the other Fools who follow this company. I like this company for all of the same reasons that I like MKL, except that it is currently trading at a much cheaper valuation. A nice piece in Barron’s last weekend projects Y increasing 50 percent over the next few years.
Recs
This stock meets my criteria for a long-term buy: great management and a good price.
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If only I could find a stock like Berkshire Hathaway, that wasn't quite as large as an AIG or BRK.b. Something that is small enough to still have legs, but large enough to have the same competative advantages. Well I suppose there's Aflac (also a good pick), but I don't think they actually have an investor that's quite in the same ranks as Warren or Mr. Munger of Berkshire. Another drawback of AFL is that it doesn't seem to be undervalued by a drastic amount. Not that I would bet against AFL, but my "next Berkshire" chips are ALL IN, but Y? Yes Y, and Because. Brilliant minds are managing the funds, of this fantastic business. Anything below 400 is a gift, and according to Warren himself, it's better to have a great company at a good price, then to have a good company at a great price. Friends, Fools, and Countrypersons, this is a great company at a great price. Mr. Market is making a mistake here. Let's buy!!!
Recs
Bershire look-alike only smaller
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Insurance industry niche performer
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An insurance company set up like Berkshire-Hathaway, with a lot of cash coming off a mild hurricane season.
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