Jacob Steinberg
Long only, deep value, growth at reasonable price, carmakers

Can United Insurance Holdings Double?

After crushing from $7.91 per share to $2.57 during the Great Recession, it took United Insurance Holdings Corporation (NASDAQ:UIHC) 4 years to recover most of its losses and move back up to $6.70 per share. Can the company double from here?

In 1999, the company raised $5.5 million of capital to start its operations. In 13 years, the company's market cap reached $107 million which is a great success. In the last 14 years, United Insurance was able to claim net profits for 13 years and there has been only one year when the company reported a loss. More impressively, the company survived through the hurricane seasons of 2004 and 2005 when its customers filed 33,000 claims totaling...

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