Trisura escapes impact of LA fires

Article Excerpt

Specialized insurer Trisura took its current form on June 22, 2017, when Brookfield Asset Management Inc. (now Brookfield Corp.) spun off its specialty insurance business as Trisura. Investors received one Trisura share for every 170 Brookfield shares they held. After moving sideways for a few years, the stock shot up to just under $48 in December 2022 (all per-share amounts adjusted for a 4-for-1 stock split in June 2021). While it has moved down since then, the stock is still up a whopping 400% since the spinoff. Despite that strong performance, the stock gets little coverage. That illustrates the importance of the third part of our multi-prong approach to investing—to downplay stocks in the media/broker limelight. [The other two parts are to (1) invest in well-established companies; and (2) spread your money across most if not all of the five main economic sectors.] We feel Trisura’s high share of its niche markets will help the stock rebound in the next few years. As…