Kingsway Makes Cuts

KINGSWAY FINANCIAL SERVICES $6.60 (Toronto symbol KFS; SI Rating: Speculative) (905-629-7888; www.kingswayfinancial. com; Shares outstanding: 55.1 million; Market cap: $363.5 million) plans to make a number of changes that it hopes will reduce annual its costs by $20 million U.S.

The measures include job cuts, salary… Read More

Hold Kingsway, Buy Northbridge

NORTHBRIDGE FINANCIAL CORP. $31 (Toronto symbol NB; SI Rating: Speculative) (416-366- 9544; no web site; Shares outstanding: 47.7 million; Market cap: $1.5 billion) is one of the largest commercial property and casualty insurers in Canada. This includes commercial businesses, homes and vehicles. Around 88% of… Read More

Buy Northbridge, Hold Kingsway

NORTHBRIDGE FINANCIAL CORP. $35.75 (Toronto symbol NB; SI Rating: Speculative) (416-366- 9544; no web site; Shares outstanding: 49.7 million; Market cap: $1.7 billion) is one of the largest commercial property and casualty insurers in Canada. This includes commercial businesses, homes and vehicles. Around 88% of… Read More