HRTG is a Florida dwelling insurance co- they trade at .85x sales and .98x book / UVE at 1.18x sales and 2xbook- is there a reason y uve is worth the premium? also HRTG only 6% short? thanks
This is a cash cow. It is looking like UVE will earn over $3.50 per share next year. They are growing, have excellent balance sheet, and are strongly profitable. I love it when shorts pay my dividend. Great bargain here. UVE will be over $35 per share within the next year.
$23.55 and dropping.
That is Sean Downes LEADERSHIP billed to us at $9,500,000 per year.
UVE suffers from Downes syndrome.
Sean can't escape the stench that his hedge fund pals Anthony Bozza and Whitney Tilson have saddled him with.
Sean needs to go the way of Bradley paid far too much delivers far too little.
35M shares outstanding 70% plus closely held 4.5M shares shorted.
That's almost half of the shares being "traded" more like churned by the algos and shorts on a daiky basis.
And Sean still cant manage to ckear the decks of these manipulators ?
Dry air rules in the tropical Atlantic, where the two threat areas we were concerned about on Monday have weakened considerably, and now pose little threat of development.
Messrs. Downes and Springer are paying themselves a total of $15.22 M for a company that had total net earnings of $105.37. Those two individuals alone are thus paying themselves 14.4% of net earnings. I think it would be difficult to find a relatively small company with market cap of just $873 M with those kinds of salaries being earned by two officers.
I would suggest that this kind of self-indulgence on the part of management is probably short-sighted and self-defeating, because here we have the stock languishing at 7 times forward P/E. More reasonable compensation of officers would probably attract many more investors and result in a substantially higher stock valuation.
Alternatively, let us hope a savvy hedge fund recognizes the gross undervaluation of UVE, steps in, takes a significant position in UVE and campaigns for replacing management.
Despite the narrative that Sean is pushing on his shareholders via the charts and back up for PROXY ITEM 3 a majority of shareholders say he and his management team are paid far too well.
Share price sucking wind and shorts control the share price - Sean is failing to restore shateholder value to levels pre Bozza / Tilson after their onslaught of coordinated short selling and SEC is in the business of protecting Wall Street hedge funds rather than investors.
AS I INDICATED BEFORE-UVE COULD BE SUBSTANTIALLY HIGHER AT YEAR END! WITH A NORMAL HURRICANE ( AS NOW PROJECTED) SEASON THEY COULD "BLOW OUT" LAST YEARS EARNINGS REPORTS & SHOW SUBSTANTIAL EARNINGS INCREASES!
Yahoo Finance Insights
UVE is up 4.95% to 25.97
Short-covering yet again?
Another quarter where Sean is paid far more than his worth
Languishing share price says it all
86c per share
for my quick glance it shows that the company wrote around 33,000 addn'l pols in states other than Florida- with around 29,000 addn'l pols.in Florida. almost ALL of those19 addn'l states that they are now starting to write in are going through the infancy stage so ITS VERY OBVIOUS THAT THE FUTURE POSSIBILITIES OF SIZABLE ADD'L PREMIUM VOLUME IS ATTAINABLE. THEY ALSO HAD A LITTLE OVER 17 MILLION "DIRECT" PREM.WRITTEN "& 15 MILLION DIRECT WRITTEN EARNED. WITH THEIR CONTINUED EXCELLENT RESULTS-EXCELLENT DIVIDEND-B+FINANCIAL RATING( INDICATED BY YAHOO) & FUTURE POSSIBILTIES (PREM. WISE) IT IS SURELY HARD TO FIND SOME SMALL COS BETTER!
I think they have heard the criticism regarding top line pay for executives because that finally shrunk as a percentage instead of keeping pace with sales. About time. Otherwise, a lot of good progress. Only think that could make things better would be to increase the dividend a little. Would bring more institutional investors and harm shorts too. A couple more quarters like this and won't have a good reason to be below $30. Is there much of a reason now?
Q1 EPS of $0.86 beats by $0.06. Revenue of $174.87M (+6.3% Y/Y) misses by $5.24M. 31.4% return on average equity.
After hours up near 5%
UVE has beaten earnings estimates at least 5 quarters in a row. Shorts are getting burned. It is great to see a company that is growing nicely, has a very strong balance sheet, and see it is bringing in profits at a rate of over $3 per share annually now. There are not many extreme bargains in the market today, but UVE appears to be one of the most undervalued. UVE stock price is still near the bottom. They are bringing in over $100 million in profits per year, but have an enterprise value of only $700 million. Excellent balance sheet. I would not be surprised to see UVE head over $40 per share this year.
Now what feeble excuse is being offered ?
4 times the normal 10 day average volume today. Whoa!!
AND good volume to go with the 6% jolt early on in the day. Let's chase some shorts out while we're at it.