*8th sleep-well ownership* - KNSL
We are buying Kinsale (KNSL), a simple business and leader in an insurance submarket.
Hi, I am Trung. I deep-dive into market leaders. I follow up on their performance with my Thesis Tracker updates, and when the right price comes, I buy them for the Sleep Well Portfolio, which I am building for my daughters to redeem in 2037. I disclose my reasoning for all BUY and SELL (ideally never) transactions (1st, 2nd, 3rd, 4th). Access all content here.
I bought Kinsale (KNSL) at $383/share today, adding a unique business characteristic that can help the Sleep Well Portfolio thrive from unpredictability.
It’s also trading at a 3-year low valuation while the fundamentals outlook is strong as we advance.
25x PE
31% net margin
30% ROE
10%+ forward growth
Read my deep-dive yesterday 9 May 2024 for complete details about the business.
Free subscribers can read all my FREE and previews of paid research here.
