E-L Financial Corp Ltd T.ELF

is this it?

[chuck84]

bid +$100 from last trade yest. evt also on a tear

[Thor16]

I think we are the only 2 left on this board Chuck :)

[Thor16]

It may be getting a little bit expensive to privatze at this point.  Thoughts?

[Method]

It's not getting privatized 

[Thor16]

May I ask why you think that?

[Method]

There are no benefits to the family only negatives. I do think they want to close the discount though.

[Thor16]

How else would they close the discount?

[Method]

Buying back stock, paying special dividends and increasing the regular dividend.

[Thor16]

Fair, however reducing the public float and liquidity to almost nothing virtually guarantees the discount will always remain substantial, will it not?

[Method]

Perhaps but I think the rules of supply and demand apply and there won't be much supply under a certain discount. I know I'm unlikely to sell anymore unless the discount is much smaller.

[Catscratch]

With a very tight and discounted float the share buyback opportunity decreases so my guess is we start to see larger regular dividend increases and eventually the higher/growing div yield will push the stock up and shrink the valuation gap.