Home » Commentary

Buy a $1 for $0.76

April 28, 2009 4:08 pm by Dean Morel

and get the company for free. 

Montpelier Re Holdings Ltd. (MRH) last night reported Q1 operating income of $47 million, or $0.54 per share, and a fully converted book value per share of $16.37. MRH last traded at $12.51, hence the $1 for $0.76. MRH has traded below book value for most of the last six months, in hindsight the couple forrays above book value were excellent time to sell.

Share and Enjoy:
  • email
  • StumbleUpon
  • Technorati
  • Digg
  • del.icio.us
  • MisterWong
  • NewsVine
  • Yahoo! Buzz
  • Tipd

No related posts.

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.