very little out there now as many were fly by nights after Katrina - bugs, I don't even like that one as it isn't a true play anymore, but no one on ihub cares that they discontinued the subsidiary that was related to cleanup a few years ago...PFSD obviously same boat. The 'best' play out there in a literal sense has always been GV - they replace fallen hydro poles and when Katrina crossed Florida as a category 1, they cleaned up and it showed on their income statement. They are really Florida exclusive though, so really needs a Florida hurricane - hasn't been one since Katrina (think there was a depression like 3 years ago and I even made 40% off that). The other nice thing is they are trading well below book value (0.58) so really its a steal down here without any hurricane spinoff.
That is only on paper though - it is still a top trading play, but the % gains aren't the same as the pennies. They are also one of the few plays that can really benefit from a minimal storm. Pretty much all the others need cat 2 or more to actually claim they can see business.
The next best bet is NSMG - historic cult play - anything below a penny is great in my books - they have been more quiet though this year and may or may not be in business - in a way, thats good because it means there is no risk of dilution like the others the play the pump with the fluff PR's when storm season comes around (like they always have in the past).
Then I would probably say IPII is a good shot too (with a larger storm, especially one in florida like this new one is shaping up to do) - this is their first year downlisted though, so the big money may not find it like they have in the past.
Only other mainstream historic ones I can think of is WEGI - was always my favorite, but they have liquidated since last season and now you are knowingly trading 'nothing'. I bet it will still be traded here though. Also ECCI and ADDL were historics, but seem to have no life left.
Also, if a big one comes for Texas at any time, PHHM is one to watch for sure.
On a side note, I discovered pretty much the best otc on paper, but I tried filling below ask forever AND got no response from management - that is SSGI - no brainer, but they don't give a rats azz to make it tradeable and liquid, so not worth the time of day. They really need to release shares.
I'm sure others have ideas, but those are the ones I focus on. Certainly interested in anything fresh that someone may have as this will probably be a busy year.
