Sunday, May 20, 2007

Hit #166 (21st Century)

21st Century (TW) finally got a higher offer from AIG as expected. I had posted on this deal earlier. The new cash offer, of $22/share, represents a gain of 48% over my cost/share of $14.86.

21st Century is among those few stocks that I bought after an all-round great experience as a customer. The insider buying and the dividend played a part as well. 3 years running as a customer, and still not much to complain! A good portion of the the gain came from (reinvested) dividends.

Others like Arthur J. Gallagher (AJG) and to a lesser extent, Progressive Corp. (PGR), look attractive for long-term holders. AJG sports an attractive dividend of 4.3%.

Previous hit - Sallie Mae (#165)


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