News Out of PICO Holdings Picks Up, and So Do Its Shares

The 9% gain over the last two days in PICO Holdings Inc. (PICO)  may indicate that something finally is happening that will put money back in the pockets of shareholders. We've already been hearing about potential special dividends, tender offers and share buybacks for many months, but none have come to fruition.

However, PICO shares hit a 2 ½-year high on Monday after the company announced it had hired JMP Securities LLC to explore "strategic alternatives" that could include a sale of the company, merger or disposition of assets. Often when you hear such rhetoric, it means that a company is in trouble and there really are no viable strategic options. Such an announcement may inject some interest back into a stock, but may not bear any fruit....381 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.