Home > Stocks / Aktien > Markel is cheap!

Markel is cheap!

November 15th, 2010

Markel Corporation (NYS: MKL), an insurance company this blog follows regularly came out with their Q3 2010 results.

Here just the 2 most important metrics:

  • combined ratio stood at 93%, down from 96% in the same quarter 2009
  • book value / share increased 11% to $ 314.74

This is a very prudent run high quality company in the current out of favour insurance industry.

It is often dubbed as the „next Berkshire Hathaway” because of Markel’s world class investment portfolio.

So why not buy some shares?

Friday’s closing price was $ 359.60 , so they sell at a price/book ratio of just 1.1!

This cheap price will not last forever!

Categories: Stocks / Aktien Tags:
Comments are closed.