Q: Do you see PRL as a buy today after it's latest earnings report?
5i Research Answer:
Following the GSY disaster, the biggest risk was credit deterioration, but this actually improved at PRL. This, along with the 7% divided hike, gives us some more confidence in PRL's outlook. It is still a small company and still highly sensitive to rates and the economy, but at 8x earnings with a growing 3.96% dividend we think it is buyable for small cap investors.