NAHC,
Oops. I recommended NAHC at 1.00 higher than it is now (now at 9.00).
Stock is a New Jersey auto, home, and small business insurance company that has been a disappointment since IPO. However, last quarter earnings came in 0.35, and stock is trading well below book of 12.58. Financial companies typically don't sell at a huge discount to book unless some kind of scandal or earnings are horrible.
On the warning side, there is a large institutional presence in this stock. If any one of these holders decides to sell, and it looks like one of them is right now, this stock will go down. And the company does have a lot of specific company risk. Be prepared for volatility.
On the other hand, if one is a Graham disciple and believes the company has even so so prospects, then you are getting a cheap company for dirt cheap and shouldn't sweat the volatility.
That is easier said then done, but I'll throw the name out there again for perusal.
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