Home > Boards > US OTC > Delisted > Fremont Michigan InsuraCorp (fka FMMH)

I think FMMH is a great value at

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
MikeDDKing Member Profile
Member Level 
Followed By 544
Posts 17,793
Boards Moderated 4
Alias Born 01/02/05
160x600 placeholder
MikeDDKing Member Level  Thursday, 06/22/06 10:01:15 PM
Re: None
Post # of 39 
I think FMMH is a great value at $37/share. Here are a few thoughts on this stock:
- Since it is in the midwest it doesn't have the hurricane risk that many insurance companies have.
- The price has been steadily increasing since they had their IPO last year.
- The BV for this stock is $31.82
- They are adding market share. For Q1 net premiums earned rose 4.9% and premiums written increased 8.4%.
- They reinsure although I haven't found information regarding the terms (e.g. level of risk taken on by the reinsurer).
- If you annualize their earnings from Q1 and assume a PE of 12, their value would be $91.20!

Mike



Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences