Zenith National Insurance Corp. - ZNT is a pure recovery play. The stock is depressed for 2 reasons: 1- As payrolls in the manufacturing sector contracted so did the underlining payroll insurance premiums...
This is a mortage REIT that invests in MBS issued by government agencies and federally chartered corporations. Despite the fact that it's trading near it's 52-week high, this is an incredibly cheap stock....
This whole sector is cheap. Even though this stock has been on a tear for the last six months (shares are up 34
%) it still sells for less than 1x sales and 4x cash flow. It's margins are twice the industry...
Strictly from a technical point of view, keep an eye on UIS. Currently hovering in the $2.45 range, the price to watch is $2.50 The 1 year chart indicates this is a breakthru point and should it go above...
For my Financial Tides readers I always try to find companies that are getting attention now and will show price movement immediately. One of the easiest was to find such companies is to screen for companies...