that little insurance outfit on your list submitted to babyb...... I was thinking that todays price action on it would give support to the double bottom boys to buy......since it hit and kinda bounced back from the 3.40 low some time ago..... so my question is ....still like it..... reason for my question is....I don't try to understand insurance companies...I turned that job originally over to W.E.B.....but now I add you to the list I would trust on insurance companies...... best to you, bdparts......aka: mista parts
Mutual Risk Management Ltd. announced that it expects 4Q01 earnings to be $0.20-$0.25 excluding reserve charges and one-time sales gains, in-line with our estimate of $0.24. Management also plans to raise capital in 1Q02, which is expected to be dilutive to 2002 results. However, given the dramatically improving property casualty insurance operating environment, MM management sees substantial business opportunities in 2002. Our 2001 operating EPS estimate is unchanged at $1.05. We are reducing our 2002 operating EPS estimate to $1.00 from $1.20 to account for the dilution expected from the 1Q02 share offering. Our rating remains Strong Buy. However, we are reducing our 12-month target price to $12 from $15, or 12 times our reduced 2002 operating EPS estimate.