Tiptree First Update
Much more refined
After having included the comps table and having looked at E&S lines in more detail I have gained a lot more confidence in Fortegra and their business model. Especially their ability to sustain premium growth at historical combined ratios.
I think very conservatively there is at least 82.9% of upside with the very basic SOTP yielding a $33.83 value/share.
Would love to hear feedback from others.
Insane pitch!