TRRSF - Trisura Group Reported A Strong Q3 But What Lies In Store?
It has been more than a year since Trisura Group (TRRSF) was listed on the TSX. The company provides specialty insurance through its three region-based subsidiaries. These subsidiaries cover the insurance business in Canada, the US and the rest of the world.
Figure-1 (Source: Trisura)
Thesis:
TRRSF's Q2 EPS of $0.14 has nearly halved compared with that of Q1 ($0.28) but the same has recovered fast during the Q3 (at ~$0.62). The company's Canadian operations remain the most significant contributor to its revenues, but the real attraction to the stock is the recent