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Federated National Holding Company Message Board

  • ballen2123 ballen2123 Mar 17, 2013 5:08 PM Flag

    Stock Buyback?

    I'm feeling really positive on the direction of the company. Can anyone out there explain why we haven't seen a stock buyback put in place yet? At the price of the stock the board of directors needs to take this action because it is a good investment for the shareholders.

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    • I think they realize that. It will be issued in the next month or so. I think they get the biggest bang for OUR BUCK if they do it now, as we will be much higher as we are getting noticed. Seeking alpha and now the street. I don't know what price it would take to get a large enough percentage to take it private, but I wouldn't doubt they could accumulate almost enough by a dutch type auction with a price of say $9.50. They would get a bunch anyways.

      Sentiment: Strong Buy

17.770.00(0.00%)Oct 27 4:00 PMEDT