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Federated National Holding Company Message Board

scottr2958 55 posts  |  Last Activity: Jul 10, 2016 8:32 AM Member since: Feb 17, 2012
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  • Reply to

    Onward and upward to the target of $20 +

    by scottr2958 Jun 30, 2016 11:19 AM
    scottr2958 scottr2958 Jul 10, 2016 8:32 AM Flag

    Thanks stokluver... if you go to the website of BGSF they show which temp agencies they have bought out in the past years, year by year. And their list seems to include only the bigger companies (i.e. it seems not to be an exhaustive list). Given litigation by employees (urged on by some greedy lawyers) many companies are now doing most of their hiring through temp agencies, evaluating a worker's performance over a few months, and keeping the "best of the best." Makes sense. Anyone who doesn't perform is simply not renewed. No threat of lawsuits. No extra work for HR departments. I really like this kind of company and with its very high and annually increasing divvy I'm not going to get nervous if the PPS drops a bit from time to time. In fact, I will probably add to my share count at those moments. -Scott

  • Reply to

    Who could predict it?

    by scottr2958 Jun 28, 2016 7:45 AM
    scottr2958 scottr2958 Jul 5, 2016 9:26 AM Flag

    Fair enough, buy and win, I'm not going to argue with you. I've made good money both ways... buying near the bottom... or buying a good company, with good earnings growth, and good momentum, buying as its PPS goes higher and higher. Particularly if it has a decent divvy, as does EVA. So I've bought EVA at $18, at $22, and at $23. And if the news is good next quarter, I could see myself buying more at $24. In the past 9 months or so, I have bought SE at $22 then at $24, then at $26. OKE at $24, then $26, then $28. With both of these I should have kept on buying, as they continued trending upward. Right now I think they are too pricey. But with good dividends. -Scott

  • Reply to

    Onward and upward to the target of $20 +

    by scottr2958 Jun 30, 2016 11:19 AM
    scottr2958 scottr2958 Jul 5, 2016 9:10 AM Flag

    Wise move, sellplg........ I also want to sit back for a quarter or two on BGSF. I am particularly curious what they will do with the money raised in the recent SPO. Might they buy out another company? I think it is possible. -Scott

  • Reply to

    Onward and upward to the target of $20 +

    by scottr2958 Jun 30, 2016 11:19 AM
    scottr2958 scottr2958 Jun 30, 2016 5:31 PM Flag

    Closed up on Thursday by 8% to a new all-time high! Wow! -Scott

  • Nice price action in the past few days, despite the nay sayers. Hopefully BGSF will be showing us what they will do with the recent money raised in the SPO. Buying out another temporary agency? Lowering debt? Temp agencies are a big part of the employment picture today. Employers use these agencies to screen workers...not renewing contracts of those who lack skills, and hiring on a full time basis those who show the skills. In my opinion, it's a good way to go, particularly with employees who are increasingly litigious, with lawyers who spur them on. Even if there is fair reason to fire a worker. BGSF seems to be in the right space at the right time. And in Texas, with oil/gas downturn and with companies who may not be willing to commit to full-time hires at this particular moment in the industry. -Scott

  • It seems like we have avoided a significant downturn, following the Brexit vote. Now upwards and onwards for EVA to reach its 52-week target of above $25. In 2-3 years, this is possibly a double or a triple. In fact, with Great Britain out of the EU, it would actually help the PPS. The EU might charge GB more for energy, causing them to load up on wood pellets from the USA. But who can predict? No one, really, despite the loud headlines and boastful claims of certain pundits and posters. -Scott

  • Reply to

    Up to where it was about a week ago...

    by scottr2958 Jun 6, 2016 5:12 PM
    scottr2958 scottr2958 Jun 29, 2016 5:12 PM Flag

    Great! Based on your short message on June 14, I thought you were being negative. Turns out you are not. Today, Wednesday, hit and closed at a new 52 week high, 17.49. -Scott

  • Reply to

    Who could predict it?

    by scottr2958 Jun 28, 2016 7:45 AM
    scottr2958 scottr2958 Jun 29, 2016 7:16 AM Flag

    Couldn't agree more, buyandwin! The only thing that gives me some hesitation about EVA is that it is a relative new-comer on the scene and most of their plans still await earnings. With more tried and true companies, buying more on these temporary downturns almost always turns out OK. But with newer companies, in my experience, sometimes the plans are too ambitious, or, turn out to take longer than expected. But overall I am still happy with EVA and am glad that I bought more even at $23. My shares bought at $18 are still giving me, overall, a gain. And the high divvy is paying me to be patient. -Scott

  • Reply to

    Up to where it was about a week ago...

    by scottr2958 Jun 6, 2016 5:12 PM
    scottr2958 scottr2958 Jun 29, 2016 6:38 AM Flag

    Sellplg: Let me ask you, today, Wednesday....what are you thinking now about BGSF, around $17?? I'm thinking this one could end up being a long-term holding, with a nice history of buying up other temporary agencies, located in a high-population area, and with good financials. In fact, I might buy more. -Scptt

  • scottr2958 by scottr2958 Jun 28, 2016 7:45 AM Flag

    Who could have predicted how the Brexit vote (evidently) has impacted EVA so strongly in the past 2 days? Even the professional bookies thought Brexit would go down to defeat. Now it seems like everyone and his cousin has opinions on the downfall of Great Britain as we know it. Personally I doubt it. But it might take a couple of years for the dust to settle. The big question for investors in EVA is whether or not they have the time and money to hang on and wait around. My rule of thumb is to sell when any stock drops 20% from my purchase price. My first shares in EVA were at 18, and later shares were at $22 and $23. I'm not yet at a 20% loss overall. I still believe mightily in this company. But EVA's recent contract to sell wood pellets to a large utility company in Britain makes many people very nervous. So do we do what Warren Buffet recommends, that is, "to buy when there is blood in the streets" or to sell? Just to remind everyone that the divvy yield on EVA is 9.1%, price-to-book, is a low 1.6, both trailing PE (18.3) and forward PE (11.2) are below average for Dow stock. This just might be a fantastic entry point. And, oh, Tuesday futures, before open, show the Dow up 176 points. It might end up being a good day today. Regardless, the longer term view is always, always, the better view. In 12 months EVA could easily be breaking above its recent highs of 23.50. -Scott

  • Reply to

    NCT earnings

    by stockguy555 May 12, 2016 10:06 AM
    scottr2958 scottr2958 Jun 23, 2016 8:24 AM Flag

    I agree somewhat with casa, in that NCT currently is "talking" about plans, but until shovels are in the ground, and until new sports complexes are built, bigger profits are still a long ways away. But, with "stockguy" I am very happy with the divvy yield. And I think the PPS is showing a nice base. Thus, I think there is decreasing risk for NCT, and, in the next year, increasing reward. In my mind, that makes NCT at $4.50 a buy. Particularly in the more speculative portion of a well-diversified portfolio. -Scott

  • In the past 9 months I have bought EVA around $18 and then at $22. I am very impressed with their plans for the future, particularly with contracts already signed. Going with "green energy" (regardless of one's personal opinions) is catching the public eye, in Europe especially. I only see more and more profits in the future for EVA. And with a large divvy on top of it! I don't see much downside at $23 and mostly see upside. -Scott

  • Reply to

    Up to where it was about a week ago...

    by scottr2958 Jun 6, 2016 5:12 PM
    scottr2958 scottr2958 Jun 22, 2016 5:02 PM Flag

    I meant the $14 dollar mark. Today, Wednesday, closed up nicely nearly 4% on a day when Dow Jones and Nasdaq were down. Price action has showed good support. And I am cautiously optimistic about BGSF. Who knows? It might become a long term holding.
    -Scott.

  • Reply to

    Who thinks at the current stock price...

    by ashjames408 Jun 1, 2016 7:01 PM
    scottr2958 scottr2958 Jun 21, 2016 7:25 AM Flag

    I had held FNHC for about 10 years and was very patient from the days of $4-6 PPS. Sold some when it hit $30. But in the past 6 months I decided to exit. That could have been a mistake, since the valuations appear good. And I've always liked the experienced management, through thick and thin. But I could not let my money earn only 1% in dividend yield, when other, more stable stocks, with equally good management were giving me 5-8% in dividend yield. And with weather wonky all over the world, this could end up being a bad hurricane season, after 3-4 seasons of good seasons. Just wasn't worth the risk factors, to me. But to those who only buy on valuation, and are not wanting nice divvy yield, this seems to be as good as any. If you have the patience. -Scott

  • Reply to

    Up to where it was about a week ago...

    by scottr2958 Jun 6, 2016 5:12 PM
    scottr2958 scottr2958 Jun 16, 2016 4:07 PM Flag

    I could be wrong, who knows, but seems to be finding a base around $15. Having been in the market for decades, I don't worry about daily, weekly, or even monthly ups and downs unless they are 20% what I paid for a stock. This company has bought out many local staffing companies and valuations appear good. I could see myself picking up a few hundred more shares if it goes back down to the 414 mark. -Scott

  • Reply to

    Rentech/Enviva.

    by michael446782 May 24, 2016 12:20 PM
    scottr2958 scottr2958 Jun 8, 2016 9:49 AM Flag

    Just repeating yourself is not sufficient. Please give reasons why. As I stated before, Rentech shows no PPS increase over the years, nor is it becoming more profitable, nor does it pay a divvy. Good companies like EVA are in a different category, in my opinion. -Scott

  • Reply to

    Projected Earnings for 2017 raised to 1.81

    by pssmithgone Jun 7, 2016 12:50 PM
    scottr2958 scottr2958 Jun 8, 2016 9:23 AM Flag

    So, pssmith and secrtz... do you own shares in BGSF? If so, how long have you owned it? I am a newbie for this one. -Scott

  • BGSF is about up to where it was a week ago, before the SPO took some wind out of its sails. I was brave and bought more during the downturn. Now nicely up about 14% in 2 weeks. Plus a 6% divvy on top of it. Despite asking him, I haven't heard back from rbg who is either a short or a newbie in the market. -Scott

  • scottr2958 scottr2958 Jun 2, 2016 8:30 AM Flag

    Glad I bought more when the PPS sank 17% on the day of the SPO. Yesterday (Wed) was up 7.6% and the day before (Tues) was up around 4% from its low point of the day. Seems that the market likes when the management will be doing with the cash raised by the SPO. Meanwhile, just keep on collecting the 7% divy yield. And watch management increase that divy each year. -Scott

  • Reply to

    The morons at the top need to go now

    by chinookcook2000 May 26, 2016 2:53 PM
    scottr2958 scottr2958 May 30, 2016 9:07 AM Flag

    Thanks diogenes... amazing how posters love to scream but are so uninformed. The question I would have for you is this: given that new management seemed to assure investors that the divvy was safe, and then turned around and cut them 100%, to 0, how trustworthy are they, going forward? To me, I think I would rather put my money in a 4-5% divvy yielding stock with managers who are careful not increase the divvy in lean times, than the new management of CLMT. By the way I have held CLMT on and off over the past 20 years. This time I got out before the blood bath. Thankfully. -Scott

FNHC
18.47-0.13(-0.70%)Sep 23 4:00 PMEDT