Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Are you concerned that IPII growth might be stalling seriously? The last three quarters were all just around the $20 MM level, the QOQ growth completely stalling. Maybe a PE of 10 for a "building company" at this stage in the cycle (with a good 6 to 12 months of further consolidation) might be rich after all. Storm premiums may cause runs, but it may drift to a PE in the 6 to 8 range and thus the support at $12 may give...