Down every day and no announcement on Brazil. They spent all this money ramping up in Brazil and no press release when it started. Are they getting business or not?
Do you think there will be any news on Brazil? I'm sure there will be someone renewing their licence on the 1st or 2nd. Who is going to process the hair? PMD or another company???
Since 1987 they have averaged 2.1 times book value and spiked above 2.5 times at least 7 times. From 1992 -2008 it was never below 1.5 times and most of that period it was above 2 times book.
I think that might be one of their best quarters ever. With a combined ratio under 90 it should be trading at least near 1.5 times book. Love this company too.