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United Insurance Holdings Corp. Message Board

  • shrewd_curmudgeon shrewd_curmudgeon May 10, 2013 1:52 PM Flag

    Bad margins

    The last 3 quarters have been abysmal. Margins are quite a bit lower than they were in the prior year. The thing that is up the most is number of shares outstanding. That is now over 16 million. So, EPS has been about half what it was in the prior year. With stock price at $4.50/sh, this may be reasonable.

    Sentiment: Strong Sell

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    • Obviously you have not listened to the past conference calls or reviewed the massive insider buying by the new leadership. Why don't you short this stock and report back to us a year from now. I am long this stock and will be buying more on the dips.

      • 1 Reply to valueguy66
      • I’d like to see UIHC get more of their investments into equities and less in US Treasuries. They are aggressive in terms of growing policies, but they should get more aggressive in investments.
        I have tracked UIHC for awhile now and have listened to conference calls, but they need to show improvement in the bottom line and not just talk about it. I hear your point, and it sounds a lot like management’s talk. If they do increase the bottom line, I will admit they are on the right track, but until then, UIHC has to show improved margins. The proof is in the pudding. I buy stock based on results not on promises.

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