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Do you have any interest in insurance companies amidst the turmoil, disaster and current crises in Japan? A crises that followed so closely on the heals of the destruction of the New Zealand city of ChristChurch by a 6.3 magnitude earthquake. Perhaps you think this is even a poorer idea than catching that proverbial falling knife we are always hearing about when stock prices are collapsing.

Certainly there will be billions of dollars in claims. On the other hand, perhaps the burden will be spread around the globe to re-insurer’s such that none is struck too hard and this is a buying opportunity. After all, when the dust settles, insurers will cry for mercy, and in particular, rate increases. It is also likely those that never saw the need for insurance have been awakened and demand will increase.

This is a continuation of a series, begun earlier in the week Chasing Value: Insured Profits or a Mountain of Risk? Today we further explore the metrics of ten large players in this current quagmire of doom and gloom, not to mention claims and debt.

Continue reading Chasing Value: Insurance Stock Review — Part 2

Chasing Value: Insurance Stock Review — Part 2 originally appeared on BloggingStocks on Fri, 18 Mar 2011 15:00:00 EST. Please see our terms for use of feeds.

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Newcastle Investments (NCT) logoCould a stock that you made 1,100% on still have room to run? Yes, it is possible. In particular if it had a near death experience as a penny stock for a while.

That is the case with Newcastle Investments (NCT), the CMBS lender and real estate investment company that reached a recent high of $7.10 and has settled back down, most recently hovering between $6.70 to $7.00. It closed Thursday December 23 at $6.71.

Continue reading Chasing Value: 2011 Stock Picks — Part 2

Chasing Value: 2011 Stock Picks — Part 2 originally appeared on BloggingStocks on Mon, 27 Dec 2010 12:00:00 EST. Please see our terms for use of feeds.

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It certainly is presumptuous, perhaps even self serving of me to assume the market is going higher in the face of so much uncertainty.

The reason I hold this belief is that so much money is sitting on the sidelines and much of it is getting restless. It’s one thing for those on a fixed income to suffer because the Federal Reserve is keeping interest rates so low, but it is quite another thing to expect $2 trillion dollars of corporate cash to want to live like senior citizens. That cash is a bigger drag on earnings with each passing day.

Then there is the competition between the deflation crowd investing in bonds and the inflation crowd investing in gold. You can be sure that both sides are doing their best to promote their view and one of them is going to be wrong — but it may take a few quarters.

Continue reading Chasing Value: Bonds, Gold, Stocks and Capital Flight

Chasing Value: Bonds, Gold, Stocks and Capital Flight originally appeared on BloggingStocks on Mon, 15 Nov 2010 16:30:00 EST. Please see our terms for use of feeds.

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Analyst Upgrades

  • CLSA upgraded Capital One (COF) to outperform from underperform based on valuation and an acceleration in loan growth. The firm raised its price target to $43 from $40.
  • KeyBanc upgraded Brush Engineered (BW) to buy from hold based on increased confidence in profit momentum in Specialty Engineered Alloys, valuation and value-added revenue unit growth. The firm has a $30 target on the stock.
  • Stifel Nicolaus upgraded Heico (HEI) to buy from hold with a $42 target, citing the better-than-expected Q3 results.
  • Greenbrier (GBX) was upgraded to buy from hold at BB&T.
  • Paychex (PAYX) was upgraded to hold from sell at Deutsche Bank.
  • A. Schulman (SHLM) was upgraded to buy from neutral at Longbow.

Continue reading Analyst Calls: ASX, BW, CBOE, COF, CREE, MDT, NDAQ, SCHW, TSM …

Analyst Calls: ASX, BW, CBOE, COF, CREE, MDT, NDAQ, SCHW, TSM … originally appeared on BloggingStocks on Thu, 26 Aug 2010 12:00:00 EST. Please see our terms for use of feeds.

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