Top 10 Warren Buffett Stocks To Buy For 2015: Liberte Investors Inc. (FAC)
First Acceptance Corporation, through its subsidiaries, engages in retailing, servicing, and underwriting non-standard personal automobile insurance and related products. Its primary business involves issuing automobile insurance policies to individuals who are categorized as non-standard based primarily on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment history or need for monthly payment plans, and failure to maintain continuous insurance coverage or driving record. The company also offers optional products that provide ancillary reimbursements and benefits in the event of an automobile accident; and underwrites a tenant homeowner policy that provides contents and liability coverage to renters. In addition, it engages in activities related to the disposition of real estate held for sale. The company distributes its products through retail locations. As of March 31, 2012, it leased and op erated 378 retail locations. First Acceptance Corporation was founded in 1969 and is based in Nashville, Tennessee.
Advisors' Opinion:- [By John Udovich]
Auto sales continue to rise and that is good news for small cap auto insurers Infinity Property and Casualty Corp (NASDAQ: IPCC), First Acceptance Corporation (NYSE: FAC) and Atlas Financial Holdings Inc (NASDAQ: AFH) which are focused on niche auto insurance markets. A Yahoo! Autos blog post recently noted that in August, automakers sold 1.5 million new vehicles for the highest rate in years. Moreover, most industry forecasters expect sales to return to the level they hit before the 2008 recession of 16 million vehicles a year. The blog post then went on to note the three forces driving auto sales:
source from To! p Stocks For 2015:http://www.topstocksblog.com/top-10-warren-buffett-stocks-to-buy-for-2015-4.html
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