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National Western Life Insurance Company Message Board

  • batraa batraa Jul 17, 2013 2:31 PM Flag

    yippie

    very nice move... would have been so much nicer if the company bought back 5% of the company at 140 like we were suggesting.

    are folks trimming? i sold some shares - it was a large position at 150 but at 215-220 i want to have it smaller. still a top 5 holding of mine.

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    • We had an excess position of NWLI, which we did trim. NWLI is now our second largest holding, XOM has become our largest holding (That is not a recommendation on XOM or NWLI.) We still have around a 10% portfolio position of NWLI (a touch higher). At this point of time, and that could change quickly and without notice, I plan on holding our position.

    • Still holding all shares in individual and managed accounts. NWLI is a top three holding at FMI.
      2013 has been a great year with other top holdings such as ARDNA and BBSI also outperforming.

      Edward J. Roche
      President Freedom Mountain Investments

    • batraa:

      I agree about the potential of a buyback at $140 or lower. I didn't see how it could not be beneficial to all the shareholders. I sold maybe 10 % of my NWLI between $190 and $200 and had very good profits. Nevertheless, NWLI is still my largest position and my most successful one by far. I sure am wondering how high it can go. It is still only selling at about 55% of book value, so I will probably hold on hoping to see $250 to $300. I am surprised at how inactive many of the Yahoo message boards are, including this one. I thought the increasing price would attract more people posting messages.

 
NWLI
225.50-1.92(-0.84%)2:32 PMEDT