RE: Mar 19, 2008 is the ....... Lancer
Lancer, I certainly agree there is a lot of up potential
in KFS. I have even been thinking of starting a position
down here but will not make a full purchase.
The C/Rs are the main issue with this stock. Even with
C/Rs at 100% the investment portfolio could still allow
them to earn $2.50 per share with low rates. $2.50 in
relation to an $11 stock price is quite attractive.
Since they price for a 93% C/R and consistently get 100%+
I say they have problems with their pricing. I can live
with that given the size of their portfolio.
I am concerned about their reserves being an ongoing
bogey man since it took them so long to even admit to a
problem at LG.
I realize that one must buy before the results show
improvement if one is to maximize one's gain.
That's always the problem isn't it?