Co-produced with Preferred Stock Trader
Introduction – Argo Group International Holdings, Ltd.
This article is similar to the recent Enstar Group (ESGRO) article that we wrote which was very successful in identifying a very undervalued situation. While the ESGR article focused on BB+ rated preferreds, this one examines preferreds rated "BB" by Standard & Poor's (or S&P). Like ESGR, Argo Group (ARGO) is a Property/Casualty Insurance company with investment-grade rated bonds (BBB- rather than BBB for ESGR).
We are only focused here on the preferred shares and will provide just a