Company Profile: CNinsure is an independent insurance intermediary company operating in China.Closing Price: $22.52 (Sept. 17) One-Year Stock Performance: 3% Wassung's Take: "One of the big strategies we've had is looking at the emerging markets, which is where you'll see very good secular growth trends. That means looking for ways to invest in the growth in the growing number of middle-class consumers in these fast-growing economies. The theme we're playing on with CNinsure is that there are more middle-class people in China. A very small percentage of the population had any form of insurance. CNinsure has primarily been on the property and casualty side, but they've added a life-insurance side and other financial-services pieces that tie in. They're bringing insurance products to a fast-growing set of new customers. It is an insurance broker intermediary model, so there's no underwriting risk. They're expanding their footprint, covering more and more provinces in China. They also get good marks in terms of quality of management." Analyst Consensus: All of the four analysts who follow CNinsure have a "buy" rating on the stock. -- Written by Robert Holmes in Boston.
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