AmTrust Financial Services ( OTCPK:AFFT ) and former CEO Ronald E. Pipoly, Jr., agree to pay a total of $10.5M to settle Securities and Exchange Commission charges that they failed to disclose material information on how the company estimated its insurance losses and reserves. More news ...
AmTrust Financial is a privately held property and casualty insurer. For years it was accused of accounting irregularities by the SEC (importantly, none of those charges were ever proven and after a restatement the change to Free Cash Flow was negligible.) Share price became depressed and th...
By Daniel Shvartsman It's been quite a week, and really quite a 3-week stretch since February 21st. A bear market is here, COVID-19 has infected thousands of people and affected markets and events around the world. There are many fundamental battles out there to be waged and steps to be ta...
Macroeconomics: The US economy continues to do well despite problematic US-China trade negotiations. Consumer sentiment was 98.4 in July vs. an 86.6 historic average. The US consumer is still buying. YTD June retail sales are up 2.9% YoY with the month of June up 3.4% YoY. The...
It has now been seven months since AmTrust decided to delist all six series of their preferred stock. Conversation about these securities, while active and impassioned for the first few months after the delisting, has more or less died down in the last several months. I believe the preferreds,...