So did you sell UVE at $19.20 ? The stock was $37 only a couple weeks ago, after they reported $.84 for the Sept qtr. What target do you have on the stock now ?
Arrest record of CEO is not what Bozza said, mgt is not refusing to pay claims(anymore than the other prop/casualty companies}, and who cares if UVE took policies that Citizens didn't want, and is capitalizing on them. Bottom line is, UVE made $.84 for the Sept qtr on huge increase in revenues sequentially and yoy, and will continue to show close to $1 in EPS/qtr, all while buying back shares, and paying a great dividend. This puts the PE at around 5 right now ! The short sellers have knocked the price down near 40% on fear and inuendo, and I for one haven't heard a darn thing that proves anything of meaning yet- disgusting !
That would mean IMO, at least around $.30 in EPS over the next year vs a $1.77 stock price. Now why would this stock only be getting a 6 PE or less going forward, when they just showed 2 squential strong qtrs ?
Stumped by the stock action.
Maybe Seth will pull this off yet !
They will be making $.20-$.30 going forward. If you listened to the CC, you know that the growth is expected to be unreal for the next few years. Also the 282,000 insider shares you refrerred to sold in August are in conjunction with the 9.2M offering. Here is out of the Aug 26 8K...
" SAN JOSE, Calif. – August 2 6 , 2015 – GigOptix, Inc. (NYSE MKT: GIG), a leading supplier of advanced semiconductor communications components for use in Cloud connectivity, data centers, and high-speed optical and wireless networks, today announced the closing on August 26, 2015 of its previously announced public offering of 9,218,000 newly issued shares of common stock at a price to the public of $1.70 per share. The net proceeds to the Company from the offering were approximately $14.73 million after underwriting discounts and commissions. In addition, certain officers and directors as selling stockholders sold 282,000 shares of previously issued shares of common stock in the underwritten public offering under an effective equity incentive plan registration statement on file with the Securities and Exchange Commission. The Company is receiving none of the proceeds from the sale of shares by the selling stockholders."