Until a recent decision to exit certain unprofitable lines of insurance, Kingsway's revenues grew at a very high rate, very consistently. With the stocks of such companies, there is always the risk of a sharp decline in: (1) the P/E ratio - and share price - resulting from a surprising decline in a company's actual (or expected) EPS growth; or, (2) the general stock market.To mitigate these risks, prudent investors would only consider purchasing such stocks using a series of modest purchases spread out over several months, quarters, and even years - rather than a single large purchase.....
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