I just bought my first 500 shares of MCY for $54.70. They are growing, over 90% policy renewal rate, steady cash flow. I hope this will prove to be a good entry point. I have a goal of about 2000 shares, but will be getting in a little at a time.
The very savvy Robert Rodriguez of FPA Capital also just made MCY a new holding. He is a very, very careful investor and really does his research before investing. I trust his judgement and have often done very well following his ideas.
He doesn't make recomendations, but you can see what he bought last quarter. He didn't buy anything in the 10-20 range. But he bought ZLC in the 20-30 range. Also, if FLE drops below 9 again, he might buy that as he has in the past.