The Microcap Kitchen: Stocks 5¢ to $5 Message Board

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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5

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To: GARY P GROBBEL who wrote (43200)	11/16/2005 2:38:10 PM
From: researcher59	Read Replies (1) of 120409

Gary, UVIH is an interesting play on the Florida homeowners insurance business. Company just reported EPS of .08 for Q3, but is trading at a mere .25. They've grown explosively in recent months as major insurance companies refuse to write policies in those areas at greatest risk from hurricanes. But hurricane season is over so we should see even stronger earnings in Q4 and at least Q1. Their reinsurance policy is very strong, so sheltered them from any substantial losses in Q3. But I suspect they'll be paying much larger reinsurance premiums next year. On the flip side, the State of Florida is approving large rate hikes for insurers so that will be positive factor. Of course, best of all would be if we get a more normal hurricane season next year. We're overdue for a quiet year after two consecutive bad years.

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