Federated National Holdings Company - Buying Into A Fixed Income Portfolio At A Significant Discount [View article]
Gatsby, it is up 45% since this article was written earlier this month.
Reinsurance has dropped because they completely changed around their book of business the past few years. Look at how much premiums written has changed the past few years. They are now back on the path toward growth and book value will continue to grow. I've followed the company for 6 years and earlier this month made it my largest holding in my asset mgmt business and in my personal holdings.
Federated National Holdings Company - Buying Into A Fixed Income Portfolio At A Significant Discount [View article]
Thanks for the article. I am not surprised it is undervalued. One reason is that the company for the past few years has lost money, until this last year. They eliminated the dividend and just recently reinstated it (at a fraction of what it used to be). Those justifiably concerned a lot of investors.
Another reason is with a $45 million market cap only small investors can buy it. My clients own 1.5% of the company. I bought 10,000 more shares this morning (a mere $60,000) and it pushed the stock up 8% (there was a 5% bid-ask).
In regards to management, the mgmt at HCI has blown away the management at FNHC, not to mention HCI mgmt are large holders of the stock. I own both but have been disappointed with the performance of FNHC.
I think FNHC is cheap and could rise 50% within a year if they have earnings like last year and 100% if they have a great year and increase the dividend substantially. However, I am in HCI long-term for its growth and FNHC only until it reaches a more appropriate valuation. Management at FNHC has to find a way to grow, not just exist.
Ctrip Q2 Recap: Staying On The Sidelines Due To Margin Deterioration And Intense Competition [View article]
I took a position in CTRP at just under $14. If there is something I am missing I would like to know. Please tell me what information is in Mandarin that is not in English that I should be aware of. I appreciate your help.
Ctrip Q2 Recap: Staying On The Sidelines Due To Margin Deterioration And Intense Competition [View article]
I think Priceline is very easy to understand if you don't speak English. All you have to do is be able to read financial statements and the annual report and if they are translated into your language it should be simple. Lucky for me, CTRP has financial statements in U.S. dollars, annual report in English, and conference calls with investors in English. I don't see what I am missing by not knowing Mandarin.
I will ask the same question since you didn't answer it. Can you tell me specifically what I am missing by only knowing English?
Companies that want growth and strong market positions are willing to sacrifice margins. Amazon sold the kindle fire at cost. CTRP has competitors but the market is growing fast enough for them to simply maintain market share and grow at a strong pace. CTRP is entering lower margin areas such as lower-end hotels in order to offer more options. They admit they don't have a strong position in lower-end hotels but it will likely be profitable. Growth companies need to invest to grow and margins are often sacrificed to achieve that growth. I don't disagree with their strategy and they will likely continue to grow revenue at a strong pace.
Ctrip Q2 Recap: Staying On The Sidelines Due To Margin Deterioration And Intense Competition [View article]
What does reading Mandarin or the news have to do with anything? Give me specifics about why I am wrong about them acheiving double digit revenue growth the next few years. That would be more constructive than asking me what languages I am fluent in.
5 Hedge Fund Stock Picks Undervalued By Earnings Growth And Target Price [View article]
I see references to analysts ratings and institutional purchases (e.g. mutual funds). Which hedge funds have stakes in any of those companies you just mentioned?
Ctrip Q2 Recap: Staying On The Sidelines Due To Margin Deterioration And Intense Competition [View article]
What you did not mention anywhere was any reference to valuation. Is there any price at which you would buy the stock?
Margins are being squeezed, hence the huge fall in stock price. At this price and the double digit revenue growth CTRP will have for years, I strongly believe the stock is undervalued.
TCHC is also a good investment if you like homeowner's insurance in Florida. They just turned the company around after a few bad years. They completely changed their book of business, cut reinsurance costs, and are getting clients at higher rates (had to get approved by state to raise the rates). Should have a good next few years. If you can get it around $4 you should do very well.
I bought the convertible preferreds at $10 earlier this year. Sold out at $18.
You missed the fact that it is the dividend growth that is driving the share price.
You forgot to mention management has a huge stake in the business. I think it will be a much bigger company one day, but I think this is a very fair valuation given the risks involved.
Another risk you did not mention is that HCII is now diversified and if a hurricane lands anywhere in central or south FL, it is going to cost HCII. There hasn't been a major FL hurricane in years, so one is due in the next few years.
Why Goldman Sachs Is Worth $200 A Share [View article]
Thank you Zheeem! I was honestly thinking of leaving SA because of the quality of people on here. It is like debating high school kids that don't know any finance or economics and just call you names. Glad there are still intelligent people that know history and finance like you on here.
Yes, Abacus was a synthetic CDO, which by definition has someone going long and someone going short. The buyers knew someone was going short.
Why Goldman Sachs Is Worth $200 A Share [View article]
rryan, you are unbelievable. Accusing me of being corrupt!!!! Shame on you!
With your logic, you are a terrorist. They don't like Goldman either. How ridiculous! I am done with you. There is no benefit of talking with you, just meaningless name calling.
Federated National Holdings Company - Buying Into A Fixed Income Portfolio At A Significant Discount [View article]
Reinsurance has dropped because they completely changed around their book of business the past few years. Look at how much premiums written has changed the past few years. They are now back on the path toward growth and book value will continue to grow. I've followed the company for 6 years and earlier this month made it my largest holding in my asset mgmt business and in my personal holdings.
Federated National Holdings Company - Buying Into A Fixed Income Portfolio At A Significant Discount [View article]
Another reason is with a $45 million market cap only small investors can buy it. My clients own 1.5% of the company. I bought 10,000 more shares this morning (a mere $60,000) and it pushed the stock up 8% (there was a 5% bid-ask).
In regards to management, the mgmt at HCI has blown away the management at FNHC, not to mention HCI mgmt are large holders of the stock. I own both but have been disappointed with the performance of FNHC.
I think FNHC is cheap and could rise 50% within a year if they have earnings like last year and 100% if they have a great year and increase the dividend substantially. However, I am in HCI long-term for its growth and FNHC only until it reaches a more appropriate valuation. Management at FNHC has to find a way to grow, not just exist.
Ctrip Q2 Recap: Staying On The Sidelines Due To Margin Deterioration And Intense Competition [View article]
Ctrip Q2 Recap: Staying On The Sidelines Due To Margin Deterioration And Intense Competition [View article]
I will ask the same question since you didn't answer it. Can you tell me specifically what I am missing by only knowing English?
Ctrip.com Attractively Priced, Despite Margin Pressure [View article]
Ctrip Q2 Recap: Staying On The Sidelines Due To Margin Deterioration And Intense Competition [View article]
Ctrip Q2 Recap: Staying On The Sidelines Due To Margin Deterioration And Intense Competition [View article]
Ctrip Q2 Recap: Staying On The Sidelines Due To Margin Deterioration And Intense Competition [View article]
5 Hedge Fund Stock Picks Undervalued By Earnings Growth And Target Price [View article]
Ctrip Q2 Recap: Staying On The Sidelines Due To Margin Deterioration And Intense Competition [View article]
Margins are being squeezed, hence the huge fall in stock price. At this price and the double digit revenue growth CTRP will have for years, I strongly believe the stock is undervalued.
Buy Homeowners Choice: 4.3% Dividend Yield, Massive Capital Appreciation Opportunity [View article]
Buy Homeowners Choice: 4.3% Dividend Yield, Massive Capital Appreciation Opportunity [View article]
You missed the fact that it is the dividend growth that is driving the share price.
You forgot to mention management has a huge stake in the business. I think it will be a much bigger company one day, but I think this is a very fair valuation given the risks involved.
Another risk you did not mention is that HCII is now diversified and if a hurricane lands anywhere in central or south FL, it is going to cost HCII. There hasn't been a major FL hurricane in years, so one is due in the next few years.
Why Goldman Sachs Is Worth $200 A Share [View article]
Yes, Abacus was a synthetic CDO, which by definition has someone going long and someone going short. The buyers knew someone was going short.
Why Goldman Sachs Is Worth $200 A Share [View article]
Why Goldman Sachs Is Worth $200 A Share [View article]
With your logic, you are a terrorist. They don't like Goldman either. How ridiculous! I am done with you. There is no benefit of talking with you, just meaningless name calling.