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Federated National Holding Company Message Board

ballen2123 7 posts  |  Last Activity: Feb 20, 2015 6:12 PM Member since: Aug 21, 2010
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  • Reply to

    Earnings

    by baronsmith29 Feb 20, 2015 11:13 AM
    ballen2123 ballen2123 Feb 20, 2015 6:12 PM Flag

    The CC is just prerecorded by management. UIHC came out Wednesday after the bell down to 22.97 from a high of 28.43. UVE is more overvalued then UIHC. JMO

    Sentiment: Strong Sell

  • ballen2123 by ballen2123 Feb 7, 2015 12:42 PM Flag

    Book Value is 5.56 Stock is trading at P/B of 4.16 UIHC only trading at 3 times book value UVE at 3 times book value would be 16.68 Stock is extremely overvalued

    Sentiment: Strong Sell

  • Reply to

    Negative outlook

    by ballen2123 Jan 20, 2015 8:53 PM
    ballen2123 ballen2123 Jan 30, 2015 9:49 PM Flag

    I could put all the numbers up here comparing UVE to HCI, UIHC, HRTG, FNHC but i'm sure everyone is capable. UVE is trading way outside its reasonable value based on the numbers. This was just a momentum play that is at the end of its road. Its price to book is 4.17 and its ttm p/e is 12.16. I doubt Sean Downes will #$%$ Cramer's show UVE can't even do a real conference call. If Uve was trading at the same p/e ratio as HCI it would be trading at 16.4. Take what you can from it

    Sentiment: Strong Sell

  • Reply to

    Negative outlook

    by ballen2123 Jan 20, 2015 8:53 PM
    ballen2123 ballen2123 Jan 23, 2015 1:07 PM Flag

    not worried about the grammar guppy shark boy! management is selling why? dividend yield is what percentage? I believe the stock could rise a little more over the next quarter but one year out its a strong sell.

    Sentiment: Strong Sell

  • Reply to

    Negative outlook

    by ballen2123 Jan 20, 2015 8:53 PM
    ballen2123 ballen2123 Jan 21, 2015 4:35 PM Flag

    I wouldn't look at p/e on this stock.

    Sentiment: Strong Sell

  • Reply to

    Negative outlook

    by ballen2123 Jan 20, 2015 8:53 PM
    ballen2123 ballen2123 Jan 20, 2015 8:54 PM Flag

    Price to book is 4.06

  • ballen2123 by ballen2123 Jan 20, 2015 8:53 PM Flag

    The book value is 4.06 as of today. Management and directors have been selling shares regularly. The Florida property insurance market is very cyclical, we may have hit the top or are only a quarter away, rates are on the decline starting at state run Citizens, and competition among insurance companies will squeeze profit margins. Management knows that these profits can dry up in a second they are running for the door. I see they wrote there first policy in Indiana well it only took them 3 months. Florida property insurance companies are racing to try to get other business outside of Florida because the market there is in contraction but nothing will replace the profits there going to loose during renewal season this spring in Florida. Don't forget book Value is only 5.56 stock vs current stock price 22.60

    Sentiment: Strong Sell

FNHC
29.131+0.011(+0.04%)9:51 AMEST

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