10 Best Stocks for 2014: Fortegra Financial (FRF)
Investor: Hilary Kramer
Fortegra Financial (FRF) is the next pick for our 10 Best Stocks for 2014, courtesy of Hilary Kramer.
FRF stock is coming off a down year, with losses of nearly 8% so far in 2013. But Kramer is bullish on Fortegra Financial going forward, for two main reasons.
To start, Kramer likes the fact that the company’s management has solid growth plans and is cutting costs. Plus, FRF stock is trading for just 8 times expected 2014 earnings after its recent slide.
But that’s not the main reason Kramer chose Fortegra Financial for the 10 Best Stocks for 2014 race. As she put it, “I’m watching closely for a buyout at what I expect would be a nice premium to the current FRF stock price.”
If that buyout indeed takes place, expect Kramer and FRF stock to shoot to the top of our 10 Best Stocks for 2014 contest.
As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.