I have been invested with FNHC for many years, even going back to when Lawson was running the company. Braun has done a excellent job in building a company for the long run. I feel that the smart decisions he has made by moving out of the risky counties and concentrating on providing good service will continue to build shareholder value. When I look at other property insurance companies in Florida it seems that a quick buck for management is the name of the game. The most powerful words that I heard as a long term investor came from Braun in the 3rd quarter conference call, he said, "We are in the business of paying claims". Like he said they are building a lot of goodwill in the marketplace. I will continue to hold because of Braun's integrity with Federated Nationals customers and FNHC shareholders.