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Federated National Holding Company Message Board

  • pshore42 pshore42 Mar 31, 2014 4:06 PM Flag

    Anyone thinking buyout?

    Huge volume today?

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    • I don't see much evidence of a buyout on today's volume. It's possible that it's the end of the month and last day of the quarter and maybe some players have been trying to put on a position in Q1 since the positive conference call. But there has just been a relentless upward trend in the stock price giving no chance of buying on a pullback. Finally giving in and buying on the last day. That might be one way to explain it.
      As I've said, someone on this board mentioned that they targeted a $19 stock price by the end of the year, but I believe $19 is way undervalued and I'd be disappointed if this wasn't in the $20s after the next conference call. I think the rest of Wall St. is finally waking up to this stock for a few reasons.
      #1 The market cap while still small is starting to become significant allowing some funds to be able to take on a position. A few years ago we were at below a $30M market cap.
      #2 Quarter after quarter of improving business conditions and bottom line numbers. This stock is showing up on people's stock screens.
      #3 Ever since late 2011/early 2012, the stock price has been heading up and up and up. That gets people's attention.

    • I was not thinking buyout. I was thinking we have a bit of a frenzy going due to the increased mainstream coverage and hype due to the great performance lately.

      Becky

 
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