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Federated National Holding Company Message Board

  • fabulouspoodle fabulouspoodle Aug 28, 2012 11:22 AM Flag

    This is still way cheap....

    ...CEO buying a bunch at the current price in the open market, net Tangible Assets are about $8.00 and heading higher. Reinsurrance expense going starting this quarter...but only about 3% while revenues increasing 20% yoy. I havent seen another Fl P&C that's held their total reinsurrance expense increase to only a few percent, especially when revenues have been ramping...great job by management.

    Oh, and if the market stays anywhere near where we are now, investment income should increase nicely, as opposed to the loss last quarter. Earnings once again (brarring a big Hurricane event) should be strong... and get stronger throughout the year.

    Also, they'll probably announce a divvy or buyback near term which could mean a big woosh up in the shareprice.

    Should be around $7.00 right now....and still be undervalued.

    best.

 
FNHC
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