I loaded up this morning, made 2% today, and expect big things out of this stock.
And this is not some scam/spam post, I'm just trying to throw everyone a bone.
XL's EPS last year was a whopping $11.02/share, or a PE of just 6.95...not to mention it pays a healthy annual dividend (2.10%).
The general public dumped the stock last week, fearing that Hurricane Dean would cause massive damage and thus hit the reinsurance industry hard. But as we all saw today, Dean veered south into rural Mexico and did little to no damage (well, at least not in any regions that are insured).
At the end of the day, this stock is a huge bargain at $77/share. It will be at $85-90 easily by the time it kills earnings estimates again in September.
If you're a casual stock market trader like I am, this is one to hold on to for about 90 days and make a quick 10-15%. I'll be bumping this thread throughout the week as the share price continues to climb.
And this is not some scam/spam post, I'm just trying to throw everyone a bone.
XL's EPS last year was a whopping $11.02/share, or a PE of just 6.95...not to mention it pays a healthy annual dividend (2.10%).
The general public dumped the stock last week, fearing that Hurricane Dean would cause massive damage and thus hit the reinsurance industry hard. But as we all saw today, Dean veered south into rural Mexico and did little to no damage (well, at least not in any regions that are insured).
At the end of the day, this stock is a huge bargain at $77/share. It will be at $85-90 easily by the time it kills earnings estimates again in September.
If you're a casual stock market trader like I am, this is one to hold on to for about 90 days and make a quick 10-15%. I'll be bumping this thread throughout the week as the share price continues to climb.