March 13, 2013

Stock Pick–Mar. 12, 2013

Category: Money & Investments — jerry @ 12:31 pm

Just one pick today.

I’m going to purchase some Homeowners Choice, Inc. (HCI), which provides home and casualty insurance in, of all places, Florida. Wait a second! Is that right?

Mumble…mumble…yeah, FLORIDA.

Don’t they have hurricanes down there and stuff?

Well, nevertheless, it has doubled this last year and still has an appealingly low P/E ratio, so…who am I to question what pops up on my screen.

And for some reason, I actually feel pretty good about this one. We’ll see…

Good luck!