NASDAQ Stocks - CNinsure Inc in MARKETS - CMP: $14
CNinsure, Inc. operates an independent insurance agency and brokerage company. The Company provides insurance-related services, such as claim ...
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07-23-2011 09:11 PM
CNinsure Inc
CMP: $14
CNinsure, Inc. operates an independent insurance agency and brokerage company. The Company provides insurance-related services, such as claim assessments and 24-hour emergency services, but do not assume underwritting risks. CNinsure, instead, distributes to their customers in China, insurance products underwritten by domestic and foriegn insurance companies operating in China.
CNinsure Inc is a small cap with a market cap of $703 M. Its currently trading at a P/E of little less than 8. Its a high growth stock with bottom-line more than doubling from $28 M to $64 M in the last 2 years. Revenues have grown on similar lines from $123 M to $225 M. NPM has grown from 23% to 28% over the last 2 years which is impressive. It has strong support at $13 and is good for accumulation at current levels.
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