pshore, I agree with the vast majority of long time and well informed posters on this board that the pps of FNHC will indeed hold up, over the long haul. However, as I recently posted, there will be some sharp 10% corrections on the price along the way, maybe even some 15% corrections. We had a 10% correction recently with an intraday high of $21.16 on 4/22 to a close of a low at $19.05. A $2.11 "loss" per share if you bought at the high and sold at the low. Exactly 10% off its high. Over the past 1-2 years, 10-15% "corrections" in price have been quite common. Such a thinly traded company and small number of shares outstanding that day traders can easily manipulate the price. Especially after it breaks through to new highs.
But the good news is for those of us who have held on for 5, 7, or more years, and even picked up more cheap shares along the way, things are only looking better and better long term. With the current new quarter underway, and reporting in about 3 months, I think the pps could be in the $23-25 range. But, as always, we can expect those corrections along the way. -Scott
What's not to like?
They beat on all levels. Things are moving at a great clip.
As far as share price holding up, I think it will increase.
I've been a holder for 5+ years, and I can see a $25 to $30 value this year. Also, this is a micro cap & a buyout is not that expensive for someone who's interested.
Congrats to all longs. Don't sell. Hold & be rewarded.
Great earnings report, I'll be listening to tomorrow's conference call.