Professional
Added to YB: 2024-04-01
Pitch date: 2024-03-28
GLRE [bullish]
Greenlight Capital Re, Ltd.
+14.72%
current return
Author Info
Symmetry Invest is a portfolio that focuses on Small- and Mid-cap stocks primarily in Europe and the USA. The long-term objective is to deliver the highest possible growth in net asset value per share at the lowest possible risk. Visit their website.
Company Info
Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide.
Market Cap
$444.3M
Pitch Price
$12.43
Price Target
20.50 (+44%)
Dividend
N/A
EV/EBITDA
69.27
P/E
-236.31
EV/Sales
0.63
Sector
Insurance
Category
turnaround
Symmetry Invest A/S Portfolio Holding: Greenlight Capital Re, Ltd.
GLRE: Einhorn's reinsurer turned around - low CR in tough market, strong investment returns (10.5% 5yr avg). Trades at 0.65x book despite strong fundamentals that should warrant >1x. 70% upside potential as valuation gap closes with minimal risk.
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