This assumes they have truly turned the corner. I base this on likely earnings and current book value (since it's a quasi-financial).
This might be the best value now among domestic financials/insurers.
The fact that management even approached going private proves the value here. I guess they figure that all the bad news is in and now would be the last time to get the company on the cheap.
I agree I think that the metrics here are much worse than satellite ever was. Also much more room here for real competition.
This is very good news . Forget the discounts - the margins are on the moon. When you're selling more than everyone else, and it's all profit that's very good news. That and stock buy back are big news. Dividend not so much.
Sentiment: Strong Buy