Replies to post #173496 on SwingTrade Member Forum (SWING)

[Rawnoc]

There's my updated spam UVE summary.

[Rawnoc]

UVE -- 11/28/08 thoughts:

UVE is a Florida Hurricane Insurer making money hand over fist since the 2005 Hurricane season shot rates up massively, drove out fearful competitors, and the lack of hurricanes since has been a major windfall for this once tiny company trading for as little as .04 to its current level.

PE of 1-2, trades for under book value, pays a massive dividend yield, and announced a share buybacks this year one of which they completed in 2 months. Profitability has decreased recently due to mnadatory rate reductions from the state of Florida plus some tropical storm damage claims from the summer. In order to get top and bottom line growth accelerating again, they recently just got licensed to expand into North Carolina, South Carolina, Hawaii, as well as additional high-end markets in Florida.