Is Federated National still up for sale and at what price?
Sentiment: Strong Buy
or the shelf could be capital for the 60,000 policies with $150MM in annual premiums that HCI picked up on Nov 6 from Citizens. Look at the S-3.
I would think they would wait to show good 4th qrt earnings, so they would have more leverage in discussions, but my best guess is at $10-$12 if it goes now.