Not sure i understand why this has 20% of float shorting. Reasonable PE, new business handed to them from the state, new business opportunity in flood insurance... we arent even close to hurricane season. This is one of my biggest positions and i refuse to sell, too many good fundamentals...
none of these replies contains anything factual about HCI's position. I am a pretty careful investor. I opened a large position at 30... Nothing has changed, and the fundamentals are very solid here so im not budging. Looking for at least 60 before i take a dime off the table.
Its a Florida Insurance company. The last few years have been unusually quiet (daily claims) .
But I hear it is getting back to normal now. Florida State University ( it's online) did a study from the 1980's to 2010, on all insurance compaines in Florida. They all lost money. So until you know what HCI's special sauce is BE CAREFUL