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Federated National Holding Company Message Board

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  • mutinycapital mutinycapital Apr 6, 2010 10:14 PM Flag

    5% yearly

    As I've said in the past, I own a large position in this stock. I want the stock price to go up more than most people and I can personally see the value in this company if it's run properly. My problem is that the Management and BOD aren't looking out for the shareholders.

    From the TCHC Press Release on October 29, 2009:

    "We believe that today's announcement of a share repurchase delivers significant value to shareholders and demonstrates the Board's confidence the company's future performance."

    The buyback only lasted approximately one month and consisted of 67K shares. How confident are you in the company's ability and willingness to create shareholder value? I've been waiting for the turnaround for almost two years now. The dividend has gone from $0.18/qtr to $0.00/qtr during that time and they lost $0.93 during the last quarter. You tell me where the positive is?

28.59-0.51(-1.75%)Nov 30 4:00 PMEST