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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 FncialHrmitCrabon Jan 25, 2010 12:05pm
452 Views
Post# 16715186

RE: RE: RE: really bad

RE: RE: RE: really badTotally share your view on analysts.  Once I grew enough as an investor to simply listen to analysts for information only and not for their advice my success went through the roof.  Gawd, EVERY analyst out there was looking in the rear-view mirror and saying to stay away from the banks a year ago.  So glad I ignored them.

Anyway, I hold a small position in Kingsway purchased on a gamble when it crashed within the last 6 months.  I did so without looking at closely on the thought that they could "right the ship" so to speak and figure out a way to make a penny selling damned insurance.   Ive only generally observed how it does not seem to be working out.  My question for somebody who follows this stock closely is how the sale of the JEVCO arm could be beneficial to KFS?  The "jewel" of teh company is sold for what is reported to be a fire sale price...what am I missing?
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