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Kingsway Financial Services Inc KFS

Kingsway Financial Services Inc. is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries. Its segments include Extended Warranty and Kingsway Search Xcelerator. It serves the extended warranty industry through its 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 subsidiaries, CSuite Financial Partners, LLC (CSuite), Ravix Group, Inc., Secure Nursing Service, SPI Software, Digital Diagnostics, Inc., and Image Solutions LLC. CSuite is a professional services firm that provides experienced chief financial officers and other finance professionals.


NYSE:KFS - Post by User

Comment by HippygirL74on Mar 21, 2008 8:00pm
72 Views
Post# 14758839

RE: Mar 19, 2008 is the time to buy

RE: Mar 19, 2008 is the time to buy

Hi guys, and especially "Zagorsk".  Yes, i've been watching KFS for a long time and have only very recently taken a position.  i suppose the shareprice could go sub $10 at which time i'll buy a lot more, but i will bet you that a lot of people have their sights set at those levels.   Notice the RSI is oversold.  Notice that the volume is UP and notice the full stochastic turning up.  So technically, i think this is a good entry point.  Fundamentally, "Lancer" put it quite well.  He said:

"Take a look at the PE of 6.8, yield of 2.25%, Insider Reports (INK) which say directors & officers have sold 0 stock in past year but bought nearly $1 million, share buy-back which new CEO says will continue after blackout period (approval for 5% of shares or 2 million+ shares) and investment portfolio of close to $65/share. There is no downside left and an upside longer term (after penalty box stint) of possibly $27."

Actually the yield is more like 2.8% now.  imo, "lancer" has the fundamentals correct but read the technicals wrong. 

Happy Easter all.  Hippy.

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