I own FNHC and UIHC... I am looking for other stocks (not necessarily insurance) with similar fundamental and growth characteristics: I thought it made sense to ask what people's thoughts were on a board where people clearly got it right
The P/E is 9.44 right now. Not to say that it is impossible for it to go down, however, it is very undervalued in in comparison to its growth in both revenue and earnings, and its competitors.
Sentiment: Strong Buy
“This was record quarter for UPC Insurance," said John Forney, President and CEO of UPC Insurance. "We produced more net earned premiums and more net income than in any quarter since the Company became publicly traded in 2008. From a strategic perspective, we continued our expansion outside Florida, with over 57% of our total new policies for the quarter coming from other states. I'm proud of the results we produced this quarter but even more excited about our future opportunities."
This was an incredible quarter, the CEO sounds excited about their future and it looks like he expects this to continue. 40% book value growth, blowout earnings, and a strong balance sheet will call for a much higher stock price considering this is very undervalued compared to the rest of the industry
Sentiment: Strong Buy
I think this will bounce around a bit, but will trend upward. This was a great quarter. But most importantly, their future looks very bright and they have a lot of potential. I think the 20's are not a stretch, but what will confirm higher moves will be their performance down the line.
... this hit 5 dollars a couple years ago, and all the chinese microcaps had upwards of 100% gains over the course of the year? I haven't been back to this board since I sold around $4 (which I thought at the time might have been panicked selling on my part), but it is incredible to see what happened to all theses companies. Glad to see this one is still kicking and has not gone the way of APWR or FEED
-56% ... its going to take alot to turn this company around. Not to say it cannot be done, but it will take a long time for Chen to do so. This stock is still not worth Buying
I do not have a position in this company but have been following and waiting for a time take a position. Personally, I would wait until the dust settles a bit to add to any position. Whether or not you are getting shares at the absolute lowest they will go seems to be alot riskier than being patient. Yes, it might have tremendous upside from here, but it could go the other way too. I think it is better off to wait, and miss a large jump, than risk losing most of your investment. Even if you wait, you will still get in at significantly cheap historic levels for their future share price (assuming the claims are false of course)
before what is going to be a very bad quarter. Does apple or google have an article written every time a deal is made? It looks like they are trying to push the stock price up so it does not get taken into the 4's after friday's report ... not a bad idea but I doubt it will help
I'm surprised people aren't viewing the extended deadline as bad news. Doesn't this mean they couldn't find enough buyers for their debt? I'm looking forward to their earnings 8am, next Friday