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Federated National Holding Company Message Board

  • ballen2123 ballen2123 Apr 4, 2011 4:50 PM Flag

    Prediction

    Profitablity next two quarters Dividend restated an July
    Gailflemm needs to learn a little about insurance cycle TCHC has alot of policies in Florida that are high risk areas Confident in stock at 3 like it even more
    Gailflemm you are probably the one accumalating this why else would you waste your time here i'm not selling you my shares

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    • Nope. Look at the revenue versus the expense trend. They will continue to lose money the next two quarters. Loss should be around $(0.08) a quarter, give or take a couple of cents. They are BETTING on the reinsurance being less next year. Which means that the earliest the underwriting profitability could return is Q3. Which means that any dividend announcement would be after the earnings announcement in second week of November. Based on dividend history this means that they wouldn't pay a dividend until sometime during Q1 2012. I'm guessing announcing a dividend in January 2012 with payment on March 1, 2012. This would get them back to their historical payment schedule.

    • I think you made an accurate call on Gail. Hopefully you did so on TCHC too.

      • 1 Reply to Quick_to_learn
      • I also like to see this lloyd miller III who lives in Naples Florida to continue to add to his position. I went back and looked at the yearly income statements for the last 8 years shocking to see how much TCHC is paying for reinsurance now compared to before. I see a large drop in reinsurance cost this year. In 2004 they had a fully diluted net income per share loss of 1.86 then the next year had a gain of 1.83 in 2005. Things can swing fast. Expect good things from TCHC this year it just takes time.

 
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