Replies to post #125587 on Value Microcaps Motherboard

[Knowledge is King]

UVE results were clearly better than I expected


It looks like they made about $9M from their insurance ops (vs $19M last year). One item that bears can point to is: As of March 31, 2010, the Company’s investment portfolio contained $4.3 million of pre-tax net unrealized losses.


That suggests to me that they were very selective, shall we say, in harvesting gains in the quarter to pump up net income...