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White Mountains Insurance Group, Ltd. Message Board

  • snogreen snogreen Sep 14, 2011 12:57 PM Flag

    Will WTM buy more 300k?

    Curious to see how many shares WTM buys back tomorow. They said in teh filing it would be "up to" 300,000 shares...but you have to dig deep in teh filing to also see that WTM reserves right to buy those 300,000..PLUS they are allowed to buy another 2% of WTM shares outstanding if they so if and if they are tendered.. The more they buy back and retire, the higher the book value goes..especially after they get the cash from Allstate..

    probably a good gamble around low 390's.

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