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.
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.