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. 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.

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Kingsway Financial Services Inc

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Comment by goldpigon Jan 26, 2010 11:41am

389 Views

Post# 16719507

RE: Strong BUY on Value/ Return to Profitability

Jevco accounted for about 35 % of its continuing operations.
Whats left after the Jevco sale should be about $600 million in revenue per year.
The massive reduction in debt and overall costs should be sufficient to generate margins above historical norms.
If so, then profitability levels could be substantial.
Just my thoughts.

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