Is anyone interested in analyzing ......?

nemke said: "If anyone is up to it I would like to discuss the IIC.LV stock on the Toronto Stock Exchange. You can find some info on [url]www.sedar.com[/url] or [url]www.ingcanada.com[/url]. The company went public last December so it is relativelly new. Any takers? :)"

alhamid said: "Sure thing. You go first."

nemke said: "Well ill keep it brief and then we can get into more details... - New company, existing in Canada for about 5 years. (New in Canada. Sister company to ING #1 Bank in Europe, and operating world wide.) - Already #1 Insurance company in Canada. - Went public in December last year, IPO was at $26.00 a share. Currently its trading around $34. - Great earnings. Good management, honest (from what I can see :) ) - Good P/E ratio - Daily volume is steadily increasing, still a new stock. - Good [U]investment revenue[/U] - [B]very important for an insurance company[/B]. - Even though premium revenues have been pretty high lately the company will continue to generate revenue from investments! - The stock price has been stale for the last few months, the reason I believe is initial "investors"/traders are dumping it, because of the high return so far. - Managment forcasted lower premiums in the future but at least honest about the forcast didnt try to cloud the investors. This might cause the EPS to decline a little bit. - Pretty safe/steady company, considering they are a sister company of ING - Insurance industry volatile.... All in all mixed feelings average i would rate it maybe a 3.5/5 Definatelly something to look at - Watch list"

Heather said: "Have you bought in already?"

nemke said: "I haven't bought any yet... Im considering it currently, wanted to see what other people think about it."

HappyHarry said: "Have you ever dealt with them as a company? How was your experience?"

nemke said: "Well they have actually bought out most of the little insurance companies in the country. Being a customer of one of those companies, I automatically had to switch over to them, and they are really good compared to my other insurance provider. Also some of my family members switched to them based on their customer service and better rates. I have commercial insurance through them and I'm a happy customer. They are way better organized then my other provider and they have better customer service."

nemke said: "Alhamid... anything to add?"

HappyHarry said: "It's hard not to like the insurance business. If the provide decent customer service you can almost imagine their earnings should grow."

nemke said: "Yes but what about their ability to generate profits from investments? Also what about government regulations, aren't they volatile to this?"

AlfredSokol said: "Insurance companies can also be wiped out in one swoop. If most of their business is in Canada, they may fall prey to a regional disaster that wipes them out."

nemke said: "If it was any other company I would agree with you... but in this example we're dealing with ING and I dont think they would be blown away in one swoop... I could be wrong however!"