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During the IPO season Francis Gaskins, editor of IPOdesktop.com & director of research for Equities.com, regularly appears on CNBC TV, Bloomberg, thestreet.com & other financial cable channels. On the day of the Visa IPO he appeared on four cable TV financial shows including Bloomberg... More
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  • IPO Pick of the week: $1.7bb Verisk Analytics (VRSK)  0 comments
    Oct 5, 2009 5:34 PM | about stocks: VRSK, TRV, HIG, AIG, AFG, CNA
    • Verisk has a monopoly in its business, notice the 18% consistent after-tax profit margins.
    • The selling shareholders and owners are major, powerful insurance companies: .American Financial Group, American International Group, Berkshire Hathaway In, CNA Financial Corporation, Hartford Financial Services Group, The Travelers Companies
    • The shareholders are selling 47% of VRSK in order to return 100% of the IPO proceeds to themselves, to enhance their own liquidity
    • The owners have already stripped the balance sheet as much as they can (notice the price-to-tangible book value ratio of –2.6)
    read more in this IPO report
    www.gaskinsco.com/linkto-vrsk.shtml
    Themes: IPO Analysis, IPO, IPOs Stocks: VRSK, TRV, HIG, AIG, AFG, CNA
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