TIG - Trean Insurance: Downside Risk Potential Of 50%
- Trean Insurance Group, Inc. offers insurance products in the United States.
- The company has included extraordinary gains in the net income.
- The company acquired other targets at 10x-22x sales. The transaction valuations look concerning since insurance competitors trade at 1x-2x sales.
- The auditor did not offer its opinion about the company’s financial results.
- If Trean Insurance reports 2021 net income of $30 million, at 15x net income, the company’s market capitalization will be equal to $450 million.
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Trean Insurance: Downside Risk Potential Of 50%