Parsad Posted May 18, 2011 Posted May 18, 2011 WTM sold Esurance for $700M and the sale will increase book value by $80/share. Stock is up 15% today. Cheers! http://finance.yahoo.com/news/White-Mountains-to-Sell-prnews-4038252346.html?x=0&.v=1
link01 Posted May 19, 2011 Posted May 19, 2011 WTM sold Esurance for $700M and the sale will increase book value by $80/share. Stock is up 15% today. Cheers! http://finance.yahoo.com/news/White-Mountains-to-Sell-prnews-4038252346.html?x=0&.v=1 they got a good price for it. they grew it very nicely from the ground up but i'm shocked at how badly operated it, & the underwriting losses they sustained (last time i checked). at 1 point i thought it would prove to be their gem in the rough.
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