AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Byline: Craig Shaw
Brown & Brown enjoyed a strong 2000 and 2001, nearly tripling in price over those two years. It's now working on a 33-week base. Volume has dried up the past month as the stock drifted downward in price, ideal action for a handle.
The Florida-based insurance broker has spent $60 million on acquisitions this year, including last week's buy of LaGere & Walkingstick, an Oklahoma insurer. Profit and sales have grown every year since at least 1993, with 41% earnings growth expected in fiscal 2002 and 26% next year. Its Earnings Per Share Rating of 97 and SMR Rating of A reflect its solid fundamentals.