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APGE: I have taken a position in this the past two days. I can't believe all of the filings. In my opinions Anthony wouldn't do that for just any old RM. Hopefully good things to come.
I agree. I was hoping for one more pullback so I could pick up a few more.
UVE board has some of these. They were real active at the beggininig of the year but have been better since. I am not so sure that it is multiple people but more inclined to think that it is one person with many screen names. I went back and looked at the past posts for some of these guys and they all were on the same boards. This is why I felt that the ones on the UVE board were actually one individual. They used bobwins_o_phile, little_peter_eater, paps_mear_forlunch, bob_pisson, professional_pennytrader and many others. Sometimes they slip up as the one on the UVE board did. He posted as Bobwins and then later responded as peter eater. It only confirmed what I had long suspected. Some of them are really funny but I find the whole charade very frustrating.
I need some of whatever he's got. That guy can go like no other.
KEG: Im lucky I got out the other day when I emailed you. I agree, something is not right. Luckily for everyone else I think we were the only ones in this.
I am not the chief but I did party with him one time. He told me that he is really a gator fan but took the gig with FSU just to pay the bills. Cool guy with one hell of a peace pipe.
UVE: I agree with you on that. Why the hell release it now? Besides their dividend use to be worth something but not so much anymore. They probably should do a quarterly or just stop with them alltogether. I also hope the applications to write insurance in other states is approved. This would make a huge difference during cane season.
The lowering of premiums is all a bunch of crap. The talking heads in Tallacrappie want to look good but nothing has changed. If our premiums are supposed to go down then I got ripped off because mine went up. The bottom line is that eventually with no storms they will have to lower premiums but they aren't yet. The reinsurace cost per policy actually went down so that should have no effect in my opinion. I do think the number of new policies they are able to write is starting to go down because of market saturation. That is why the applications they have filed to write policies in Hawaii, Texas, Georgia, North Carolina and South Carolina are very important. With all this being said, I still think we have seen the highs for now until they release earnings.
UVE: As far a competition goes there isn't really any change. The big guys continue to cancel policies. I think UVE is like the 3rd biggest insurer in the state now. I received my renewal a few weeks ago and it actually went up by a few bucks. ($2800 approx) If I had to guess, I think the stock probably trades between 8 and 9 for most of the next month. You may see some more accumulation the week before earnings. Again just a guess, but I would put earnings around .50 to .55. Then its off to the races. I am hoping to see them get off the Amex sometime and also start releasing earnings in a little more timely manner. The PR firm they hired sucks. I also will be watching those options that can be exercised once the price stays over 9.50 (or something around ther) for more than 20 days in a row. Long term they are supposed to be expanding to additional states. Bottom line I see this around 20 in 6 months but you could play this stock like a fiddle in the meantime. This is all coming from my empty head so take it for what its worth. TFN
Kegs.pk to start trading on NYSE today as KEG. Looks undervalued.
Oh and another thing, how about those idiots cut all of their social programs instead of continuing to stick it to the taxpayers. Cook County, what a joke.
Eventually you will be right because eventually we will have a recession but come on this gets a little old after a while.
Very interesting KIK.
I hate to say it because it sounds kind of bad but I agree with you. I am watching Karen but more for my own house then my UVE. Most of the models are now bending it due west toward the end of the runs. Not only that but Karen appears to be heading almost due west for the past few hours. If UVE pulls back from this I will be picking up more shares along the way. TFN
96L looks so big it may just give the shear the Heisman and keep going.
KEGS- Exactly what I was thinking. It may actually get the price it deserves once it hits the NYSE. Especially in the current market.
Picked some up on the pullback this morning. I like the chart and the forward PE is pretty low. Plus you got to love the symbol KEGS.
Great play. I shed some shares today as well.
How about cutting taxes and cutting spending. That is the real way to fix the problems.
Len,
This is exactly why people love this board. Thanks for keeping it clean. TFN
I have no comment on HSOA but UVE could be much more than a double. Their PE is only slightly higher than HSOA. Then again it all depends on the weather.
I am willing to give them a shot if its made from the Peyote Cactus.
UVE: A couple of things to add to the great points you made. The options granted a little while back have some stipulations. The stock must trade above 9.25 (approx) for 20 straight days before they are any good. To me this is a good sign that business continues to hum right along.
Secondly, there have been quite a few institutions adding this year.
This stock typically starts its upward movement the second half of September.
Based on the amount of reinsurance purchased they are only responsible for 45 mil for the first storm, 9 mil for the second, and 9 mil for the third. In the worst case scenario this would make a small dent. They would probably be more likely to grow even more in that situation based on the amount of policies the big companies are not renewing. This is how they really got moving in the first place.
I don't see any reason why this stock shouldn't be trading in the $12-15 range come mid October after their earning release. That would be based on another .40-.50 and a 10PE. (Sector average is around 11)All of this is computed using my really small brain and limited skills but who knows I could be right.
UVE has a much smaller percentage of their exposure in South Florida then some of the other companies anyways. At this point it is going to be virtually impossible to derail this money making freight train.
Your next handle should be Beargrills.
I see its your b-day. Go Kim, its your birthday, Go Kim, its your birthday!
You had 98 pegged this morning.RIP I think Felix is starting to strenthen again. It could get real ugly down there. 99 looks like its going to go north so another bullet dodged for UVE.
I can only go up from here.
Congrats to me for shoring up last.
Len. That wind speed in your link is in knots not MPH. Andrew was a Cat 5 with 165+mph at landfall.
Actually Andrew was upgraded from a 4 to a 5 a few years after the fact because of the damage.
In 2002, as part of an ongoing review of historical hurricane records, National Hurricane Center experts concluded that Andrew had sustained winds of 165 mph (265 km/h) briefly before and during landfall, making it a Category 5.
FROM WIKIPEDIA
The amazing thing about Andrew was the many small vortices of 200+mph that did most of the destruction. Almost like tiny tornados inside a giant one. The destruction I saw after that storm was something that I will never forget. I can see it clearly as if it occured yesterday.
I thought you took your toys and left?
That probably depends on who wins the presidency.
This has scam written all over it if you ask me. It took me about 5 minutes of research before I started feeling uneasy.
I have said all along that this is based on the hurricane season. Once the season is over, and we are in the clear, $10-15 easy. Could be higher if earnings report in mid October shows continued rapid growth.
Do you have anything constructive to add to the board or are you just here for personal reasons? You can post that sort of crap in a private message.
What do they plan on doing to expand business for future growth?
There was a guy that used to post on the UVE yahoo board who went by Bobwins-o-phile. This board has stalkers everywhere.
I just kept getting more and more pissed as I read that article. That guy is as immoral as they come. The lack of business ethics amazes me sometimes. While he may not have done anything illegal, I just think you have to take care of your customers best interest. If you screw your customer just to make a bigger commission then you are going to pay for it in the end. It just doesn't make long term business sense in my opinion.
Con/La Fayette, thanks for the time you put into that. If you look at most of the financial websites the comparitive PE for Property and Casualty insurers is a little over 11 so your computation is right on. I figure this stock should be sitting at the top of the category considering the growth. I will be truly surprised if this thing isn't higher than $15 after the hurricane season and third quarter earnings.