What went wrong? How has this unknown company come out of the ashes to more that triple in just a short period of time. Can anyone out there tell me what is wrong with tchc's balance sheet. Is management working for use? Lloyd Miller has the money to get to the roots of this poor return to shareholders when all these other insurance providers are making not just a little profit but alot. As shareholders we need answers.
another way to look at insurance investments is the ponzi scheme discount. why i call it that is because there is a discount always placed into the book value whether the insiders are robbing paul to pay peter, and if that happens the book value is just a number. sometimes fixed assets are better than cash because u don't know where the cash will be spent. an insider can say they will invest the cash in gold at the 52 week high and suddenly you find the book value cut in half. investors don't buy cash, they buy what the company can do with the cash and the business itself.
you know the answers, no need to ask anyone here. you were sticking around HCII at $6 so i know you know why TCHC is also $4, soon to be $10 when someone tries to acquire them again, because that's what its worth.