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19	member 9/04/24 6:12PM Re: Re: Author Exit Recommendation 18
Go-shop expiration and no interest in a 6% arb IRR. view available tags
18	member 9/04/24 12:22PM Re: Author Exit Recommendation 17
Any reason why? view available tags
16	member 11/07/23 7:02PM Gotta love it
After the quarter, Enstar’s CEO buys another $10MM in stock and the company buys back another 5.2% of total shares at an 18% discount to BVPS and a 5% discount to market. “Subsequent to the end... login to read the rest 6 view available tags
15	member 11/10/22 2:27PM CEO buys $5MM
eom view available tags
14	member 8/30/22 4:39PM Re: Inflation impact 13
Hi skimmer, It's a reasonable question. Rampant inflation is probably a legit risk. Historically I haven't placed much weight on it because of my inability to predict "the macro". With today's level of inflation maybe it's... login to read the rest view available tags
11	member 8/16/22 2:20PM Re: Re: Enstar update 9
Light, Thank you for your response. I follow your logic and sentiment but generally take a different view. Your pushback: "If bonds yields are higher shouldn't our discount rate be higher?" My rebuttal: That is theoretically correct; however, Enstar's... login to read the rest 1 view available tags
8	member 8/14/22 1:56PM Enstar update
Update The first half of 2022 marked the worst bond market performance in modern history with global bond market aggregates down ~14%. U.S. corporate bond spreads blew out from <100 bps to ~150 today, while European... login to read the rest 1 view available tags
7	member 8/10/22 10:12AM Re: Current Thoughts 6
Hi Nassau - yes I still follow and own it. I'm on the road right now and will get back to you this weekend with some thoughts. Thanks. view available tags
6	member 8/09/22 11:13AM Current Thoughts
Hi Supernova, thanks for an interesting idea. Just wondered if you are still following and have any updated thoughts on the company? 1 view available tags
5	member 11/11/21 8:34AM Re: Re: Re: Interesting 4
Agreed. I missed Carbones departure. Guy was with Enstar prior to becoming CFO but yes he was appointed CFO 1/1/18 and left in 2020. Those two departures certainly qualify as a red flag. Not enough... login to read the rest 1 view available tags
3	member 11/10/21 8:48PM Re: Interesting 2
Hi honeycreek, The CFO that left in 2020 was also the CAO and had been there for 5-6 years, and served an extended transition, so that departure didn't concern me. The most recent CFO departure was... login to read the rest 2 view available tags
1	member 9/13/21 1:47PM Quick correction
Enstar's strategic investments are in traditional active insurers, not run-off insurers. view available tags

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			2021	2022
Price:	233.85	EPS	35.10	39.07
Shares Out. (in M):	18	P/E	6.7	6.1
Market Cap (in $M):	4,869	P/FCF	0	0
Net Debt (in $M):	0	EBIT	0	0
TEV (in $M):	0	TEV/EBIT	0	0

Description

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