TSX:DFY - Post Discussion
Post by
retiredcf on Aug 21, 2023 7:01am
Another View
Could you update your thoughts on DFY after their blowout quarter? Do these earnings make it even more appealing as a takeover candidate?
EPS of 56c beat estimates of 42c. Gross premiums written rose 9%; Combined ratio was 95.3%; ROE was 9.8%. Book value rose 12.7%. The results are impressive considering many storms and wildfires in the period in its customer areas. Several brokers raised their targets. Certainly the results are good, and it might be a target, though its valuation is now higher than many in the sector. (5iResearch)
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