Markel's (MKL) 11% dive following the Alterra (ALTE) acquisition announcement allows investors...
Sunday, December 23, 2012, 8:48 AM ETMarkel's (MKL) 11% dive following the Alterra (ALTE) acquisition announcement allows investors to buy into the brilliantly performing insurer at book value, writes The Brooklyn Investor. A key: Much of Alterra's investment portfolio is in cash and fixed income - reallocating that into equities under the stewardship of Markel CIO Tom Gayner (17% CAGR of BV/share since 1990) should make for a good deal of upside. (Acquisition presentation)
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