There is a stock that I owned for a few days and then dumped for surprisingly no loss just after hurricane Katrina. I was shocked that it took a few days for the stock market to kill this stock after Katrina. I remember that time well (and so does my port)--I think I bought your MRH shares? (And no, you can't have them back now!) I'd been looking to get in before the hurricane happened, and then when the price held my sought after entry for a couple days after the hurricane, I thought maybe the big drop wouldn't happen and bought in. An hour later the price started falling, and didn't stop for months... Worst investment decision I've ever made and hopefully ever will make. Still have the shares, and get a little dividend on them every once in a while.I believe I made a good decision to add more recently at 15, which corresponded to the historic price/book low of near 1.2. Big revenue decline doesn't look so hot, but they have gotten out of a couple lines of business and after last year's losses, they have less capital to write policies against. But dramatically higher pricing is beginning to kick in, book value is building, and revenue should improve from here. $1.3M in insider buys this year. $100 million investment from Wilbur Ross. Chart looks to be turning up.They do have that additional risk from Mother Nature to contend with, in addition to all the usual business risks.
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