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National Western Life Insurance Company Message Board

  • dsouth7777 dsouth7777 Jun 28, 2012 10:33 AM Flag

    Now What?

    So there were a decent number of no votes.

    No press release, just the SEC filing.

    Nothing has changed. This is still dead money.

    What a waste.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • there is a fair bit of value for an activist.

      my view is that the company will come around or someone will help them come around.

      he controls 30% of the shares so anything positive should help him, not that they worry about it too much.

      as long as the company continues to generate book value the downside is limited.

    • "Granted the company has done well for some years. However, you are dreaming about an activist. Robert Moody controls NWLI and views it as his piggy bank. Did you read the proxy statement? $6,000,000+ total compensation for a PART-TIME job. And all his relatives and friends as directors and officers are not on our side."

      And the share price fully reflects this reality.

    • batraa:

      Granted the company has done well for some years. However, you are dreaming about an activist. Robert Moody controls NWLI and views it as his piggy bank. Did you read the proxy statement? $6,000,000+ total compensation for a PART-TIME job. And all his relatives and friends as directors and officers are not on our side.

    • minority shareholder rights are getting better and stronger.

      the board can be sued personally for one.

      if an activist got three of the board seats that would help.

      these things don't change over-night.

      other than capital management, the company is doing fine. once they get some smart capital allocation, the stock will be a winner.

    • "Absolute power corrupts absolutely".

      Any questions? :-)

    • batraa:

      "...or it will become increasingly likely that someone forces the issue."

      Robert L. Moody owns 34 percent of the A shares of NWLI. He also owns almost all of the B shares of NWLI which entitles him to elect 2/3 of the directors. Under these circumstances, how does "someone" force the issue?

      My guess is that he will continue to take advantage of his minority shareholders by taking excess compensation, retirement and other benefits. He even gets stock options. Why does a person who owns in excess of one third of the stock of the company need options to incentivize himself. Doesn't owning that much stock inspire him to do the right thing for the company?

    • i expect earnings to be fine this quarter.

      i haven't spoken to the company in a while, i try to speak with them once a quarter so i will touch base after earnings. hopefully they still take my calls.

      at some point this company will do the right thing for minority shareholders or it will become increasingly likely that someone forces the issue.

      i believe they will do something and the stock does not reflect any improvements in capital management.

    • Buy more of this crap?

      You must be joking!!

    • then now time to buy more, when others sell

    • come on, what did u suspect. a press release highlighting the poor voting results.

      what we need is for the company to digest this information, speaking with some of their large shareholders and start focusing on capital allocation. as you all know i think a modest tender offer is an excellent idea and i hope they realize it's good for everyone. if not, of course an activist can unlock the value here. but it would be best if the company did it themselves.

      this all takes time. i believe we will see some good results this year.

 
NWLI
239.8225-1.1775(-0.49%)11:31 AMEST

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