Enterprising Investor Forum

SAFT: moving along nicely Thursday, January 8, 2009

As our regular readers know, we are not in the buying mood but we wanted to post this interesting chart of Safety Insurance (SAFT). Despite being a terrible year for the markets, it seems that SAFT hasn’t done too bad…we have written about this company in the past, hence the update.

In the following graph, we compare the one year performance vs. the total market (using the VTI etf) and small caps (using the VBR etf) as benchmarks.

As you can see, SAFT has massively over performed both benchmarks and has quietly continued with  business. In a nutshell, it’s a small regional insurance company with no debt, a steady dividend yield (above 4%), price close to book value and all in all, a relatively conservative stock.

Some of our post on SAFT:

• Our initial post on SAFT: here

• One of our updates: here

• Entering the market: here