This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PICO: Poor Man's Berkshire Hathaway Rebounding

NEW YORK ( TheStreet) -- We're finally seeing some new signs of life at PICO Holdings (PICO), a small conglomerate that I have, perhaps unfairly, referred to as the "poor man's Berkshire Hathaway" over the years.

The comparison to Warren Buffet's great empire is unfair and even ridiculous for many reasons, not the least of which has been PICO's poor stock price performance in recent years.

PICO announced Friday that its residential land development and homebuilding subsidiary, UCP plans an IPO to raise up to $125 million.

This sent PICO shares up more than 7% on nine times normal average volume, a huge day for the stock. UCP, which PICO formed in 2007, owns or controls 4,916 residential lots in California (Central Valley and Monterey region) and Washington (Central Puget Sound).

PICO Chart PICO data by YCharts

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
PICO $16.72 3.15%
YHOO $44.13 -0.69%
AAPL $124.25 -0.14%
FB $81.66 -0.67%
GOOG $542.56 -0.99%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs