Nah- I think is was the Insurance Insider article that said Navigators and Amtrust were rumored to be making offers, and that several major run-off insurers were insterested as well. I doubt anyone is making big bets in this stock based on earnings
Maybe, but everything would have to go right. This is a stock that has missed earnings 3 of the last 4 quarters. Even assuming that is in the past, they are only projected to make $0.53 a share next year.That would suggest a 19 PE.. Even when the stock was trading at $10.00 the PE was generally around 10 (and the dividend was 2.5x greater). So, the stock could get to $10, but they will need to show that earnings are both increased and consistent.