TCHC is a property and casualty insurance Company with a lot going for it:
1)Earnings guidance for 2002 is $1.10 to $1.15 per share and has already been increased once this year. There is a very good chance that it could be increased again. 2003 guidance of $1.50 per share. Currently trading in the $8 range.
2)Recent insider buying
3)FedUSA franchises are expanding rapidly. They started franchising at the end of 2000 and they project that they will have 40 franchises by the end of this year.
4)Plans to expand to other states.
5)Earnings are due out tonight
6)Currently trading at a PE of 7 to 8 based on 2002 earnings guidance.