AmTrust Makes a +20% ROE Sound Easy
AmTrust Financial Services, Inc. (NASDAQ: AFSI) drafted a presentation given by CEO Barry Zyskind that clearly articulated cost efficiencies, market selection, and acquisition strategy that culminated in AFSI's unusually successful business strategy and ROE. The presentation was given to Wunderlich Securities during a series of investor meetings last week.
Wunderlich believes that AFSI will expand (including its valuation) as investors are reassured on AFSI's sustainability, causing Wunderlich to reiterate its Buy rating and price target of $18.
AmTrust Financial, Inc. closed yesterday at $14.23.
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