Well, good company here down with the other financials.
time to buy at below $13 and ride it back up to $15?
what do you guys think?
does anyone else read this board?
when will we see the rebound to $14-$15?
Looks like she corrected her blog...kind of. She just put "Amtrust" CORRECTION instead of putting "Amtrust Financial" which would have been better.
I'm still a buyer at current levels. Trading at 8-9x earnings is pretty cheap. I've been following AFSI since they went public, and they've never let me down yet (crosses fingers).
Someone said earnings is on August 7?
Most people don't take the time to realize the the difference between Amtrust Financial Services Inc. (AFSI) and Amtrust Finl Corp (AFNL.PK). It is also a shame a reporter from CNBC didn't do any research before writing her story. http://www.cnbc.com/id/25689614/?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo
Ok guys, a few of you want to bash AFSI, but you have posted ZERO links backing up evidence of financial troubles.
Simply put, the company went on record last conference call and said that they had ZERO exposure to the subprime crisis. They are an insurance company, not a bank. Although there is an "amtrust bank" which some people might be confusing with Amtrust Financials Services (AFSI).
The company has beat earnings estimates EVERY SINGLE QUARTER since it went public (what, 2 years ago?) and continues to grow.
I think this is a great time to buy. If any of you want to bash AFSI, then please provide links with evidence of their "near bankruptcy" and "cnbc list of failing banks". That one is especially hilarious, because AFSI isn't even a bank.
you're exactly right. but, there is a bank called AmTrust Bank, and I'm sure the confusion is not helping AFSI at all. I wouldn't be surprised if there are some shorting AFSI thinking they are shorting a bank!!! NO exposure to subprime here. Even one of the analysts on the last conference call was worried AFSI's investments were 'too conservative'!
This stock is a potential zero, mentioned on various news sources as a possible failure candidate.
If you held or bought at 12.5, you lost another 10%. Probably better to hedge your position than to lose 100%
if you're going to post claims about the company being a potential failure candidate, please post links proving the various "news" articles you mention.
As it is, the company has beaten earnings estimates almost every quarter.
I'm not sure why the stock is down so much today (haven't been trading today), any one have any ideas?
My thought is under $11 makes this stock a potential buy, but I would be concerned about earnings for the third and fourth quarters....Unitrin acquisition may not be pretty, I am familar with their ops, and it may be messy. It's a good thing they have Maiden holdings to manage the risk, or AmTrust might be in a heap of trouble.
AFSI does not have the glamour of Exxon or Google, but with the Unitrin acquisition and maybe another small p&c acquisition, this should be a steady profit growth company. I would like to see Seeking Alpha or A. M. Best do an article on the p&c industry. Clark