I have to say though UVE is making a huge run up. My only reasoning is them moving cash into fixed investments. FNHC is ready to build a lot of competition in the market place I could see them doubling in the next 12 months.
Fabaulouspoodle you are correct it is just old management that was promoted. From what I see Meier is working things for themselves in the way of having the company buying back his stock and also paying as much as possible out in dividends. I see no growth for UVE the company is using up cash supplies and also there is problems on there policyholders side because you can see they are having problems gaining new policies.
I would have to agree with you on your analysis. They aren't growing the book like HCI through take out policies but they are steady adding policies at a very good rate. I could see 18 by June maybe even 25 if something big happens with the shelf registration.
When looking at policy count to market cap it seems that FNHC is trading at a lot cheaper price compared to HCI. What are some estimates out there on the 3rd quarter earnings for FNHC? Is .50 a possibility?