Given the recent down draft in the financial sector due to foreclosure noise, it seems perhaps some non bank financial industry stocks may have been unduely punushed in the process. Hence time to increase exposure to some non-ban, financial stocks.
Unitrin came to my attention via a variety of screens and articles.
Fundamentals - trading under book value, 3.6% div with only 25% div payout ratio
Technical - support around $24
Bought 1/2 position at $24.50 on 10/19/10.
Wait to see earnings results on 11/1 for potential acquisition of second half of the position.
Target exit price: $28-30
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