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Federated National Holding Company Message Board

rcsam 3 posts  |  Last Activity: Oct 9, 2014 12:18 PM Member since: Sep 29, 1998
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  • Berkshire is top heavy with energy, rails, and housing, In addition its stock portfolio is declining along with the market. BV will be down in Q3 and down sharply in Q4. P/BV will head back to 1.27 from the current 1.45. The price will be $170,000. BRKA is in a short term bubble driven by people seeking a safe haven. It is not safe as it is leveraged to the market by using its float. It is like being on margin without paying interest.

    Sentiment: Sell

  • Reply to

    Dump this awful holding

    by analyst112 Aug 21, 2014 11:07 AM
    rcsam rcsam Sep 29, 2014 12:22 PM Flag

    Yes and we have not yet seen the massive writedown due to the SIR share purchase. So far it is $2.60 per GOV share--a $177MM loss. That will cause GOV to have another dilutive equity offering. The downward spiral continues.

    Sentiment: Strong Sell

  • Reply to

    Cole

    by sage533 Sep 2, 2014 9:24 AM
    rcsam rcsam Sep 2, 2014 11:10 AM Flag

    They were due for a $.02 dividend increase anyway. Obviously not able to raise to more. This is a lame effort to get shareholder approval.

    Sentiment: Strong Sell

FNHC
31.77-0.70(-2.16%)Oct 22 4:00 PMEDT

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