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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 Bfor90on Jul 20, 2008 1:44am
366 Views
Post# 15310098

RE: starting to look good

RE: starting to look goodAt this point the management have earned everyone's suspicions. I'm still holding my shares and taking my punishment.
If you read the NR carefully Jackass-son is saying they have ceased or sold enough bad business that they no longer need to hang on to the capital reserves they had built up to safeguard further problems. So what better thing to do than to pay some debt early?
Does anyone know if the payments on the debt they are retiring are particularily onerous? Or did Bill Starr lend them these funds and want the money for his retirement yacht?
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