A bank...are you kidding. These people can't even run an insurance operation now are going to bankers. They hire a branch manager at a local bank to be there CEO ---- They are nuts. Anyone long on this very thinly traded company should be prepared to wake up one morning and see this stock delisted!
Must be their deep pockets...how much cash do they have again?
It will allow the company to do some things internally that they have to give away right now. I've watched this company since its inception, and although their management style can be questioned, they have always managed to accomplish their goals. There are some very competant people involved. The Pres of Fed. Insurance Company has had many years of experience and is very sharp. The Chairman is driven to grow this company, and has in fact done it. I beleive their business model is working.
We shouldn't confuse the day-to-day operation of the agency chain from the operation of this insurance/finance business. Reading some of the messages on this board, one would think that some feel they have been served some sour grapes.
I'm expecting a continuous stream of positive announcements coming from this company.
Nothing is worse than owning a sub-micro cap insurance stock with no research and no wall street backing. Not to mention that 21 only does business in FLA. and could get chopped if Progressive or another national carrier wanted market share. Let's get real, the IPO was at $7.5 and it has not seen north of that number since the first week.
it's funny how talkers talk & doers do. xr-whatever, do you think this company got where it is by accident??? a fluke??? while your still trying to figure out how life went wrong for you, this company will be driving into the 21st century doing what it has done from day 1.... servicing the client and being profitable doing it. stop being bitter for 1 second and research the company, try backing yourself up with real information for a change.