Invest your own money, let compound effect be your leverage, and avoid debt like the plague.
- Manlobbi
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 30
As Buffett said decades ago, "We should have gone into the insurance broker business, It a better one than underwriting."
In my opinion now is a good time to buy AJG. Buy it around $260 or below and hold it. I'll post this on the AJG thread if there is one. Don't worry about pricing or cycles, just hold the stock.
My last recommendations a couple years ago, some may remember, were defense stocks and Norfolk. I recommend stuff about once every few years.
No. of Recommendations: 1
OK, I’ll bite…
No AJG board in Shrewd’m land, so let’s have your thesis.
A 20 year glimpse through the rear view mirror is pretty impressive!
Intrigued.
m
No. of Recommendations: 0
So what do you think about BRO? It looks to be in the same business and the long-term chart is better although it has fallen behind AJG recently.
Maybe a 50/50 of AJG & BRO?
No. of Recommendations: 0
Cursory glance shows AJG is priced dearly despite its move down this year.
What are most useful metrics when valuing insurance brokers? Similar to underwriters?
No. of Recommendations: 1
Valuation
Market capitalization
63.84 B
Enterprise value
62.85 B
Enterprise value/EBITDA (TTM)
18.73
P/E ratio
39.49
P/S ratio
5.49
P/B ratio
2.92
P/CF ratio
32.19
P/FCF ratio
34.60
No. of Recommendations: 5
Cursory glance shows AJG is priced dearly despite its move down this year.
One thing to watch out for with AJG is that they do acquisitions, which makes time series of financial figures a bit difficult to track sometimes. That is not at all to say it isn't a good business, just something to bear in mind if you're going to dig in.
Jim
No. of Recommendations: 2
I made my rec, yawl do the research. mdtis I'd not use those quickie data grabs, reality isn't their game.
No. of Recommendations: 0
Hahahahaha, a yard sign. Fair enough.
Have a good day.
m
No. of Recommendations: 1
This position requires no close monitoring. Kicks off no taxation. Their TBill position are OUR protection too.
Very comfortable holding this.
