Universal Insurance Holdings Inc (UVE)

[SSKILLZ1]

Yes they are expanding to pretty much every state, and the growth of policies will be fine, but earnings are what matters to me, this company got a good 45% of their profits this quarter from lowering there reserves. that is not sustainable. What they are doing is building impossible comps, I expect earnings to be lower then the .52 adjusted if the reserve was flat. Most other insurance companies over time actually grow their reserves. I wish you luck with it, but if you think next quarter is gonna come anywhere near this quarter, I think you will be mistaken. They have a tough comps starting next quarter, I think this is the best time to sell UVE right now, and next quarter is when you will the true earnings power of the company in my opinion is nowhere near what they did the last 4 quarters trailing. All is just my opinion, and I could always be wrong though.