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Kingsway Financial Services Inc KFS

Financial Services Insurance - Property & Casualty
Kingsway Financial Services Inc. is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries. The Company's segments include Extended Warranty and Kingsway Search Xcelerator. The Company serves the extended warranty industry through its operating subsidiaries IWS Acquisition Corporation (IWS), Penn Warranty, Preferred Warranties and Trinity Warranty Solutions. IWS is a licensed motor vehicle service agreement company and is a provider of after-market vehicle protection services distributed by credit unions in approximately 24 states and the District of Columbia to their members, with customers in all 50 states. It serves the business services industry through its operating subsidiaries CSuite Financial Partners, LLC (CSuite), Ravix Group, Inc., Secure Nursing Service and Digital Diagnostics, Inc. CSuite is a professional services firm that provides experienced chief financial officer and other finance professionals.


NYSE:KFS - Post by User

Kingsway Financial Services Inc
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Comment by ob1knobon Jun 05, 2008 6:38pm
310 Views
Post# 15151384

RE: book value

RE: book value

Hi all... yep me again... :-)

Just checked the price... Not happy and yes still holding.

Beyond backing items of the B/S and determining breakup value... has anyone any insight into what is going on with this company?

Did a quick check of SEDI and it looks like a couple insiders did some purchases of KFS so, that tells me they beleive a bottom has (had) been hit and the then current price was a good entry point. Based on todays close I guess they were wrong.

Any constructive insight would be good... please post.

My next option and being considered is phoning the company. I understand a transition is taking place but I'd not like to see this thing follow Queensway Financial! Rrrrr! The last set of financials while poor, BUT provided insight into what looked to be a going concern, not a premium / claims run off into bankrupcy / breakup

All above the ramblings of an upset man.... and IMHO.

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