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Opinion on Universal Insurance Holdings (UVE) Sector: Financial > Industry: Insurance (Prop. & Casualty)
This industry stinks

Apr 11, 2008 07:33 PM GMT

Walter Thatcher

Return	Risk
+6.40%	HIGH

Sr. Associate

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I love buying when everyone hates a stock. I don't think that things can get much worse. It has a P/E of 3 and a yield of 6%.

Update 05/08:

Doubling down

The investment has lost about 1/5 of it's value since I made the call. I'm doubling down at under $5.

Update 08/28:

Stealth nationalization?

David Gross wrote a very good piece for Slate last month about how Uncle Sam is keeping the insurance industry afloat. How? Growth in Medicare and Medicaid programs as people have lost their employer-provided private insurance has picked up some of the slack.

UVE: This call was made on 04/11/08 @ $4.51

Rating:	$4.51 (04/11/08)
Gain/Loss:	+20.62% in 601 days

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Opinion on Universal Insurance Holdings (UVE) Sector: Financial > Industry: Insurance (Prop. & Casualty) This industry stinks

Opinion on Universal Insurance Holdings (UVE) Sector: Financial > Industry: Insurance (Prop. & Casualty)
This industry stinks