This board is for fundamental and technical discussion about PICO Holdings, Inc., PICO.
PICO Holdings, Inc. is a diversified holding company that seeks to acquire businesses and interests in businesses which the company identifies as undervalued based on fundamental analysis -- that is, the company's assessment of what the business is worth, based on the private market value of its assets, earnings, and cash flow. The company prefers long-established businesses, with a history of operating successfully through industry cycles, recessions and geo-political disruptions, in basic, 'old economy' industries. The company is also interested in acquiring businesses and interests in businesses where there is significant unrecognized value in land and other tangible assets. The company's business is organized into five major operating segments: water
resource and water storage operations; real estate operations in Nevada; business acquisitions and financing, which contains businesses, interests in businesses, and other parent company assets; insurance operations in 'run off', that is, the handling and resolving of claims arising from historical business, but not writing new business; and the operations of HyperFeed Technologies, Inc. (HyperFeed). Vidler Water Company,
Inc. develops and owns water rights and water storage
operations in the southwestern United States, primarily
in Nevada and Arizona. Nevada Land and Resource Company, LLC owns approximately 767,000 acres of land in Nevada, and the mineral rights and water rights related to the property. Citation Insurance Company is 'running off' its historical property and casualty and workers' compensation loss reserves, and Physicians Insurance Company of Ohio is 'running off' its medical professional liability loss reserves. Global Equity AG
holds the company's interest in Jungfraubahn Holding AG. HyperFeed, which became a subsidiary in 2003, is a provider of ticker plant technologies, data distribution, smart order routing and managed data services to the financial community.
PICO HOLDINGS INC
875 Prospect St Ste 301
La Jolla, CA 92037-4264
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