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Federated National Holding Company Message Board

  • fabulouspoodle fabulouspoodle May 14, 2012 12:55 PM Flag

    buying again.....

    ...sold some around five. Starting to buy back here in the low fours.

    We know that their book of biz is decently profitable right now, with earnings from insurance ops of eight cents followed by thirteen cents. And its selling (@ the last of $4.20) at .55 times tangible book. Most all of its Florida competitors trade at what, at least .95 times book, and others way over.

    If TCHC just gets to .8 times tangible book, and still retains lowest valuation status in the sector by a big margin, it would have to go up 45% from these levels.


20.95-0.42(-1.97%)Jul 29 4:00 PMEDT