Jump to content

WTM anyone?


Alekbaylee
 Share

Recommended Posts

Looks cheap historically and compared to peers, with a price/book value <80%.

On Sept. 2, management said it will repurchase more shares (White Mountains Chairman and CEO Ray Barrette stated, "We continue to pursue many value enhancing opportunities, but at current prices we believe buying back shares is the best use of our undeployed capital for now.")

Must dig a bit more though...

Link to comment
Share on other sites

Alek - not being funny, but how is WTM better than my beloved Loews?

 

Loews owns CNA which is also at less than 80% book.  Plus I get diversity with various businesses? 

 

 

With any capital allocation decision, I would ask myself why invest in A if B is better. 

 

 

There may be a compelling argument - I would just like to hear it.

Link to comment
Share on other sites

I prefer LRE but they are at book value. I have to agree with Harry Long that if you want something below book look at CNA Surety. I also have been watching Aspen. Also why not FFH. I will be buying back soon, they are at BV but have done better then WM.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...