XL Group plc (XL)
may have nearly gone out of business during the worst of the credit
crisis, but in the time since the company has done a pretty decent job
of repairing its capital situation, even if at a high cost in terms of
dilution. The bigger question today is whether the company can generate
substantially better results for the long-term - while the company looks
over-reserved and over-capitalized, the nature of its underwriting may
well limit the upside.
Follow this link for more:
XL Group Plc Is Over-Reserved, But Not That Undervalued
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