When looking at policy count to market cap it seems that FNHC is trading at a lot cheaper price compared to HCI. What are some estimates out there on the 3rd quarter earnings for FNHC? Is .50 a possibility?
I thought they could've done at least .50 last quarter but that didn't happen. This quarter I haven't a clue because of the impact of the increase in purchasing reinsurance. The bottom line might be skewed this quarter, but going forward things look quite positive.
I mentioned this before, but they did warn that expenses would run high this quarter in the last CC. I dont see near .50 this qtr, although could be wrong. No major storms in this big storm quarter, so that is great. Nevertheless, I'm not sure they make .30........but going forward, earnings should get stronger and stronger.