My stock selection for this quarter is Progressive Corp (PGR). You all have seen their annoying commercials with Flo - the insurance rep. They have been marketing like hell the last year or so and they are expanding into more and more states. Our portfolio lacks any insurance companies and i think we need to get on board. These companies make money - and almost every state requires car insurance in order to drive. I chose Progressive because I think they are on the rise and the more states they expand into, the more customers they will have. They have good financials; a nice PE 13.00 and a good profit margin and return on assets.
I will tell you more about this stock on Sunday - but I think this is good move for us to make some money and diversify our portfolio. See you all in the 'Ric
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