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Stock impact report

Greenlight Capital Re: Valuation Stuck Below Book Value Until The Uncertainties Clear [Seeking Alpha]

Greenlight Reinsurance, Ltd. - Class A Ordinary Shares (GLRE) 
Last greenlight reinsurance, ltd. - class a ordinary shares earnings: 2/27 04:04 pm Check Earnings Report
US:NASDAQ Investor Relations: greenlightre.ky
Company Research Source: Seeking Alpha
GLRE trades at a persistent discount (~0.75x book value) due to investor skepticism over underwriting discipline and portfolio volatility. Share repurchases below book value are a positive signal, but it's too early to say whether these actions will translate into a lasting improvement. I remain cautious for now; removing one of the key uncertainties—underwriting or investment performance—would be needed before the valuation can move meaningfully higher. jorgene/E+ via Getty Images Greenlight Capital Re, Ltd. ( GLRE ) is an investment vehicle designed to serve David Einhorn's investment purposes. The reinsurer could be considered a small ( and less successful ) replica of Berkshire Hathaway Inc. ( BRK.A BRK.B Still, history has proven This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article mysel Show less Read more
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