Why I deleted PIH to me is the story changed after the 6/1/18 8k on reinsurance. Essentially the cost of their reinsurance went up 9.3 mil y/y that is roughly 2.3+ million a quarter pretax, which essentially wipes out the profit they seen last quarter. So hard to get too excited about that. Hence why I pulled the plug. Hope this helps. All is just my opinion, and I could always be wrong though.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.