Added to YB: 2025-08-29
Pitch date: 2025-07-07
KFS [bearish]
Kingsway Corporation
+39.91%
current return
Author Info
No bio for this author
Company Info
Kingsway Corporation through its subsidiaries, engages in the extended warranty and business services in the United States.
Market Cap
$277.4M
Pitch Price
$16.16
Price Target
6.20 (-36%)
Dividend
N/A
EV/EBITDA
38.46
P/E
-31.73
EV/Sales
2.29
Sector
Insurance
Category
N/A
Kingsway Financial Services Inc. - $KFS (short)
KFS short: Search fund model w/ poor results trading at 6x NAV. $69M invested producing mediocre EBITDA vs mgmt's inflated 'run-rate' claims. Recent acquisitions scattered across industries unlike focused serial acquirers (CSU, Danaher). Competition intense, selection bias favors best entrepreneurs cutting out 80% partner. Price target $6.20 vs $16.35 current.
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