I know when all the teachers come back to school this fall, they'll be tempted to sell for a quick profit. Don't sell!!! If you're issured with MEMMIC you know they will make money. This thing can only go higher.
MEMH's president is a director of PICM which also owns more than 75%+ of this company. He also also purchased more than $1,000,000.+ of the stock on the offering. In addition PICM has purchased 18 blocks of MEMH between 9/3 and 10/21! No suprise the President of PICM is also a large shareholder of MEMH.
This company was a mutual until is was demutualized in July 99. The $60,000,000 of equity was augmented by a new shareholder purchases @ $10.00/share. Most of that equity is still burried in the financials. This company is very profitable and has been in existance for more than 30 years. With new and savy management it should produce very nicely in the very near future. The recent financials are merely a taste!
Take a look and if you agree - "Load up the Truck"