mrkory, its a seasonally weak quarter, sales tend to drop from the Oct to January quarter, just look at the past. sure, they were hoping for a million or two more in revenue, but that wouldnt have effeted the bottom line too much....just look at the margins.
and the ceo of sgma often says some weird stuff in the earnings reports....sounds like he's not quite so optimistic as he was a quarter ago, but he's really hard to get a feel for.
...as I mentioned in my last post, one month ago, great opportunity to sell at least a chunk before earnings. I sold two thirds prior to earnings, and got a small fill at $9+today, so sold a bit over 75%. Question is should you buy back, and when.
hopeful, incredible move by ifon since you were buying way back when.
good luck with it, and hope you dig out a few more gems this year.
hey hopeful, thats what makes a market!
Its a very low margin company...and APT will have to ramp up revenues dramatically to really have a major effect on the bottom line. They've been in a construction boom for the past three years, and are seeing some lift to revenues, but with the extremely low margins, the bottom line hasnt budged too much.
IMO, they should probably try to selll the mask/related business, and focus on construction.
Why do you like APT alot in the $2.30''s? Seems like more than fair value to me. Right now its probably trading at about a going forward over 20 p/e, imo.
....on investment in stock warrants. Plus taxes were a bit lower this quarter. Earnings were decent. The problem with APT is they need to expand margins to get to the next level in earnings, really ramp up sales.
I imagine next quarter's revenues will be hurt a bit by the tough winter weather.
I think you sell into a rally tommorrow based on the .04 number, and buy back at two or less if possible.
Anyway, thats my thinking.
Trades at $2.90, made .11 fully taxed for the quarter, tangible book at what, $4.00/share, they say things are going strong. They have very large institutional investors. This thing could just as easily be trading at $6.00.
I was just about to post, but s12stocks answered it. FNHC could bump up the divvy by a small amount; but they think its a better investment to utiize all cash on hand to fund their tremendous growth. And as long as growth continues at a strong pace.....with the associated rise in earings per share and share price, then I agree with FNHC.
Of course they should revisit that question as soon as growth stabilizes to some normal level. At that point, they should be able to raise the divvy dramatically.
aware, MSN has tangible assets greater than its market value; plus a relatively recent history of strong profits. Sure, they are in a tough period now after the loss of a big account, but they have shown that a new account or two could lift them back to a level where they were making .40/share just a year + ago. Won't happen in the next quarter or two, but the potential has already been proven....and could certainly happen with the help of the right new management.
And of course a purchaser would be able to dump the two largest salaries of MSN (which totalled about $1 million in compensatoin for '13) and replace with cheaper, and probably better, management.
...despite the large secondary offering during the quarter and subsequent share count rise (about 60% this qtr), they were still able to grow earnings sequentially by a good chunk......46/eps for the qtr.
Growth was fantastic...no other FL based insurer (maybe any insurer) comes close. Net premiums grew 76% and gross premiums grew 104% year over year. Net Income grew from $4.3 million to $12.7 million for the full year. Policy count grew from 61,102 on 1/1/13 to 116,401 on 12/31.
Even more important, in the CC they stated that growth continues to be storng on a forward looking basis. They added another 17,000 policies in January and February of this year...and think the 3000 new policies per week can continue.
The above growth was 100% intrinsic; they added no policies from Citizens...which is kind of amazing. Whats left in Citizens are overall lower quality.....older homes, with many in the 'three county area' that take the hardest hits from hurricanes. I believe they stated that only 17% of FNHC policies are in that area despite their large popluation.
FNHC (and UIHC in an earlier conf call) stated that it looks like the reinsurrance market will be good for them once more.....I believe they said they expect rates on a equal policy count basis to be down over 5%, maybe closer to 10%....although most carriers will use the depressed price to increase their coverage.
Because of the lower costs, mostly due to reinsurrance and in FNHC's case due to the higher quality of their policy portfolio, they are actually requesting a 1/10 of one perc
ent rate decrease from the State of Florida this year. In comparison, UIHC has requested a 4% rate increase.
And FNHC is STILL the CHEAPEST Florida insurer based on it price to book tangible book basis....despite FNHC having the highest growth. FNHC is around 1.7 price to book, while zero growth UVE trades at a 2.7 price to tangible book, and HCI trades at a 3.4 price to tangible book.
pj, I've actually been in and out of this thang since late '06, early '07, when it was picked up by some decent traders on Ihub, and littlefish started posting about it on this board. Some big percent swings over the years.
hope al is well in Lost Wages.
Earnings have been very strong, made .09 in their December (first) quarter, after earning .32 for all of last year. Trades way under tangible book. Of course their shareholder friendliness is still questionable at best. If the first quarter pr means AYSI has decided to report quarterly again, then this should trade higher. I ont see why AYSI cant break over a buck prior to next qtrs 'hopeful' release date......so even for a trade it makes sense.
at a bit under .40.....while I dont expect positive earnings every quarter, but with their investment in growth....I do expect strong revenue increases which will be leveraged to a strong eps in the mid-term.
nicely into earnings. Compared ot competitors UVE and UIHC; FNHC has super high growth, and a very low price to tangible book. Dilution will take down earnings a bit this quarter due to the cash raise, but they needed money to fund future growth.
Nice move since earnings....up what, over 50% now. Next quarter has been a seasonally weaker one, although the comp should be an easy beat...earnings out in a mont or so. Be nice if this coul run into earnings, and lighten up some just prior.