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Federated National Holding Company Message Board

  • pshore52 pshore52 Aug 8, 2013 12:35 PM Flag

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    I have held this stock for a long time, bought some in the 4s and more in the 2s after a drop. Anyone have ideas on the potential for further upside or any ideas at what point they plan on selling.

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    • There's only a handful of us that regularly post...and most of us only post near the quarterly reports. Someone was estimating up to .50 of earnings for this quarter, but with earning just now reported, seems like they only hit .31 or .32. But that's OK. On this report, today, the stock rose .49, and hit an interday high, settling back a bit, at $10.89. I think when this levels out, we will be nicely in the 10.50-10.75 per share, and with the next quarter, we should in the low 11's. By 4th quarter, many of us are expecting a share price of $12. I'm not going to sell at least until $12. And if they raise their divvy, who knows, this might be a lifetime keeper. I also hold HCI, one of their main competitors in the Florida homeowners insurance. Look at its chart, really fantastic in the past year. Some have supposed that HCI might make a bid for FNHC. If so, that bid will have to be at least $12 per share, it seems to me. So, I would advise patience and watch a slow trend up towards $12 per share. -Scott

 
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