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Peter Lynch screen
Homeowners Choice Peter Lynch screen. $149 to good to be true?
Would like a better entry price but this stock has plenty more upside potential.
buy on dip 8.24.13
Long. Rapidly growing insurance company. Revs up 48%, earnings up almost 200%. Trading at just 9x trailing and forward earnings estimates. Delivered EPS above estimates last 4 quarters, sometimes substantially beating.
Management have clear and objective growth strategies which are achievable given their position.
Homeowners Choice is an extremely fast growing property and casualty insurance company in Florida. Despite the fact that the stock has more than tripled in the past 12 months, HCII still has plenty more room to grow. The stock pays a solid 3.5% dividend yield and the payout ratio is only about 20% so there is plenty of room to grow the dividend too. The naysayers who are not willing to do the homework to find the facts argue that a hurricane would significantly harm earnings, but the fact is that the company's liabilities are very limited by reinsurance. The facts are available in the company's filings and other documentation.
Good track record and dividend
Great balance sheet. Can't really lose, unless Hurricane Andrew comes by.
When homebuilding comes back fully this insurance company should do quite well.
A little late on this run up, but I think the valuation and 4% yield is a good buy here.
yr to yr shares soared more than 71%has broken threw 20 day moving average on wedCap $ 93 millionstrong but recomended
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