Value, growth at reasonable price, small-cap, long-term horizon

Baldwin And Lyons: Come For The Bargain And Dividend, Stay For The Share Class Arbitrage

A Small Insurer With Some Interesting Qualities

Niche areas of insurance often offer investors above-average potential for capital appreciation and return on investment, especially if the enterprise has a long history within a certain specialized area of coverage. If a company is able to underwrite a specific line of business for a long period of time, management is able to develop a comprehensive list of its chosen coverage area and can exploit the advantages of niche expertise.

One such company that I believe exhibits such promise is Baldwin and Lyons (NASDAQ:BWINB), which has written policies in the transportation sector and has been in operation since 1930. The company, through its subsidiaries, provides insurance in the United States and...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details