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Federated National Holding Company Message Board

fabulouspoodle 60 posts  |  Last Activity: Sep 26, 2014 3:28 PM Member since: Apr 7, 1999
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  • fabulouspoodle fabulouspoodle Sep 26, 2014 3:28 PM Flag

    micro, why are you interested to see if MCZ can issue a new class of shares if they can do the same thing with the old class? Usually the only difference between two classes of common stock is their voting rights.


  • fabulouspoodle fabulouspoodle Sep 26, 2014 3:23 PM Flag

    micro, I certainly dont have one off the top of my head.....and I really dont want to research it. But its not necessary anyway, MCZ could just authorize more shares of their regular common.....in the q it says that their maximum number of authorized shares is 'unlimited', so sounds like they have already been given the right to increase their outstanding shares to whatever they want.

  • fabulouspoodle fabulouspoodle Sep 26, 2014 3:06 PM Flag

    emory, no thats not what an offering is for. If AMZN wanted to invest in MCZ right now, at one buck per share for 30 million shares, MCZ could do that right now without an offering. They would simply have to make sure they have enuf authorized common shares (not outstanding) in their treasury. If they dont have enuf, they could simply authorize more....it wouldnt be through a offering. Or they could offer a second class of shares to AMZN with different rights.


  • Reply to

    5% Down On 55K Shares

    by twitter_trader Sep 26, 2014 10:38 AM
    fabulouspoodle fabulouspoodle Sep 26, 2014 11:11 AM Flag

    disagree, its reasonable to expect at least a small degree of selling in response to the s-3. Not many sellers actually. But there are no buyers right now so the share price falls a bit.

  • Reply to

    Last 1/4 cash flow was about $90 million...

    by keltus1952 Sep 23, 2014 2:35 PM
    fabulouspoodle fabulouspoodle Sep 24, 2014 9:24 PM Flag

    The fact that SFY has been actively trying to sell some of its large properties for over a year with no takers may say something about its 'Intrinsic Value'. There have been plenty of property sales by other energy players during this period, at decent multiples.

  • 9/23/14 CEO Barry Goldstein buys 1000 shares at $7.93 and
    9/23/14 Director Floyd Tupper buys 915 shares at $7.97/share.

  • Reply to

    Last 1/4 cash flow was about $90 million...

    by keltus1952 Sep 23, 2014 2:35 PM
    fabulouspoodle fabulouspoodle Sep 24, 2014 9:54 AM Flag

    ...yet they can't even afford to spend their planned capex....and their debt somehow goes up every quarter.....and noone seems to want to buy the properties they have had for sale for the past year......

  • sure looks inexpensive. Trades at what, around half of tangible book value. And, it seem like its in the beginning what looks to be a nice turnaround. They Made .021 US/share last quarter, and it seems like next quarter should be stronger. On an ebitda or cash flow basis, they make double the .021/quarter (or .04+) since their depreciation/amortization runs that per quarter.

    Announced some nice contracts of late, especially for a company with a ten million dollar market cap. And OML.v has been buying back stock in the open market.

    Only problem is Mary Quah owns lots of it, and is willing to sell cheap and consistently.


  • fabulouspoodle by fabulouspoodle Sep 15, 2014 1:05 PM Flag

    ...around $12.85 on the fall in response to the southern Florida storms. We're over halfway through hurricane season, and after the storms clear in S Florida, there's nothing on the horizon weatherwise, so we got a week or two of worry free weather.

    UVE should post strong numbers, and from the sounds of their latest pr, it look like they may be turning things around and returning to growth......since their reinsurance costs are set till next June (and are pretty low), any growth should be amplified in the bottom line.

    We'll see how the rest of the hurricane season goes....but you gotta like their 'return to growth' comments after several years of flat to negative policy growth.


  • fabulouspoodle fabulouspoodle Sep 13, 2014 10:34 AM Flag

    Hey fabricone,

    1. Sounds like you are an id!ot.
    2. I'm pretty sure I know more about the Fl insurance industry and UVE and reinsurance than you. Ive followed UVE since it was .18/share, and have traded long consistently since it was three bucks.
    3. I am not short, and only a fooool like yourself would take my comments for more than what they are. There are big storms in Fl right now.....
    4. From you post you dont know nuttin about reinsurance, or hurricane related damage. Its almost unvelievable that you believe UVE would not get hurt if there was a major hurricane. I mean it shows your absolute complete ignorance. Reinsurrance protects against Catastrophic Weather Events...lBike hurricanes. But there is a large dedcutible...a very large amount for each event. Once major catastrophic event would severely hurt UVE's earnings.
    5. This is not meant as a negative about UVE. Its just normal facts and risks that everyone knows...especially investors in Florida insurers. Just saying it to educate you out of your ignorance and total lack of knowledge. Its scary how posters like you pretend to be experts on these boards when you dont know squat.
    6. best to you.

  • Reply to

    I've been a buyer of AEY...

    by fabulouspoodle Sep 12, 2014 3:40 PM
    fabulouspoodle fabulouspoodle Sep 12, 2014 11:38 PM Flag

    ..hey hopeful, certainly would be great if those insiders would get interested again. As you say, just one of those boring, very low risk/solid reward types.


  • fabulouspoodle by fabulouspoodle Sep 12, 2014 3:40 PM Flag

    ...around $2.30. In the pr, and more so in the Conf Call (transcript avail at seeking alpha), the CEO sounded optimistic that both of their segments would improve in the next several quarters (particularly Telco near term).

    I just think its a good risk reward at 2.3x, even if they break even, the stock wouldn't go down much. If they can make around .05/share, I think it would head towards three bucks. And if it makes around .07+/share, it could head over $3.50.


  • ...certainly no hurricane, but should lead to some wind and water damage. Considering how few storms have hit Florida in recent years, amazingly this may be the biggest weather event in the past 24 months.

  • fabulouspoodle fabulouspoodle Sep 12, 2014 11:37 AM Flag

    I boughts shares just under 19.50 in pre-market the morning of the offering. There were tons of shares traded that premarket at between 19.45 and 19.50....probably over 100,000. If you thought they were you shouldve added there. Lemons to lemonade and what not.

    Where do you think the stock would would go if they announced they were preparing for an offering near term? It aint up.


  • Reply to

    Simply Put: Valuation is based on the Future

    by value_king27 Sep 6, 2014 8:09 AM
    fabulouspoodle fabulouspoodle Sep 11, 2014 10:51 AM Flag

    value, after 2010, APT lost their biggest mask customer (I forget, but I think an over 40% customer). That customer decided to do all manufacturing/design in-house.


  • As per form 13D filed on 9/2/14,NTZ CEO Pasquale Natuzzi purchased 500,000 shares of NTZ at a negotiated price of $2.75/share:

    "Mr. Pasquale Natuzzi has used an aggregate of $1,626,163.86 of his personal funds to effect various purchases of Ordinary Shares....... (ii) $1,377,500 was used to purchase Ordinary Shares (represented by ADSs), including commissions, in a privately negotiated transaction completed on July 30, 2014 as further discussed at Item 5(c). These funds were provided by Mr. Pasquale Natuzzi as a capital contribution to INVEST 2003, which then used the funds to purchase the Ordinary Shares (represented by ADSs).

    On July 30, 2014, INVEST 2003 completed the purchase of 500,000 ADSs, each representing one Ordinary Share, at a price of U.S.$2.75 per ADS...."

    From the last (q1) earnings report and conference call, its hard to believe that q2 will be strong. But it seems the CEO believes the turnaround and goals will be on track near term .....at least judging by the large insider buy. Anyway, we'll get a better idea in a week.


  • Director Floyd R. Tupper buys 1190 shares in the open market, on September 8, at an average of $7.945/share as follows:

    1020 @ $7.95
    100 @ $7.94
    70 @ $7.89

  • fabulouspoodle fabulouspoodle Sep 9, 2014 11:27 AM Flag

    CEO is Spanish (Carlos Aquero) and COO is maybe Irish (Kevin Whalen)......no Soprano's there right now, . although that would probably be an improvement.

    Maybe Paulie 'Walnuts' is available......"OOOOf. Marone. Dis MEA stock price better do what its told, when its told."

  • fabulouspoodle fabulouspoodle Sep 9, 2014 10:36 AM Flag

    uptab, I luv you and your investing, but geeze, there are no guaranteed ten baggers. There is risk with MCZ...in recent years MCZ management have been destroyers of capital, and continue to see their tangible book decline. Heck, the smartest things these guys did was that offering when the stock hit the upper one's a few years back, which at the time made all the longs cry like babies. That money has saved their azzes...without it they would be contemplating a 40 million share offering at .20 right now to stay afloat.

    I agree with micro. Buying to support a stock price doesnt make sense. The buyer keeps on averaging down, in this case at every penny, to oblivion for emotional rather than rational reasons. You support your children and family and friends, not your stocks. You make rational decisions re stocks...obvoiusly you have to look at the negatives and be willing to discuss them.

    Anyways, MCZ is near my buy target.... bought some around .54 to get my feet wet. There's support around .50 and in the upper .40's. I intend to add if she goes toward support...but would also buy some next week as long as she stays under .58ish.

    btw, I re-entered MEA at $1.21, they seem to be stabilizing. If they're able to sell some assets (as per plan) and avoid an offering, I think that would be a positive. If there is an lowish ball offering to raise a few bucks, I'd add when the offering prices. I know you know these guys well....any thoughts on their current value?


  • on 9/4, Director Floyd Tupper buys 1700 shares in the open market as follows:

    300 shares at $7.45
    400 shares at $7.47
    1000 shares at $7.56

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