Nov. 12 at 9:58 PM
$FIHL Good quarter. Very likely book value grows by 5% in q4 which bring BV up to about 24.5. P/B of 1.2 would be a conservative valuation. FV right now is therefore easily
$29.5. 50% undervalued at
$19/share. Buy as much as you can and wait for the market to notice.
1.5x book is high side valuation. If you think 1.5x is justified for a company that is pumping out 20 ROE excluding the Ukraine issue than the FV is
$37 or almost a double from current prices in short order.
