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

National Security Group: After Years Of Difficulty, This Insurer Is Turning The Corner

In the Dark Corners of the Market...

Readers who are familiar with my articles will notice that I am drawn to the insurance industry. The sector is a perfect hunting ground for value oriented investors given the fact that it is fragmented, diverse and naturally given to consolidation. Whenever investors find themselves in the midst of a fragmented industry populated by numerous small companies, there is a higher chance of discovering an undervalued situation, particularly in the case of the insurance sector which is often referred to as a "commodity" type industry.

Within this sector I am especially attracted to micro and small cap insurance companies due to the fact that they are often neglected and receive little or no...

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