Numbers look great on FACO. Anyone follow this one? Small insurance companies can have wild swings from quarterly profits to losses, but this one seems quite undervalued at first glance.
FACO($2.15) should have a strong day; I calculate Q4 EPS of $.22 fully-taxed vs a loss of $.06 last year. Revenues soared 146% to $216M.
The last 4 quarters: revenues $98M, $113M, $134M, $216M; EPS $.03, $.08, $.19, $.22
Full-year EPS net of the gain came in at $.52, suggesting a P/E of less than 5 currently.
Reported EPS for the quarter were a whopping $1.62 as the company booked a hefty gain from the sale of a unit. Finally, the company book-value rose almost $2 in 2023 to $3.71/share...