Wed, Jan 28, 2015, 7:41 AM EST - U.S. Markets open in 1 hr 49 mins


% | $
Quotes you view appear here for quick access.

National Western Life Insurance Company Message Board

  • curt.brandt Mar 16, 2014 12:38 PM Flag

    Blue Horseshoe Loves National Western Life Insurance by Monkey with a Pen

    Recommendation: Scale In
    1. Core Thesis: Small company (872M) market cap and no analyst coverage. Well managed and executes well. Remained profitable through the financial crisis.
    2. Crucial Factors: a. Valuation; Likely to continue as a going concern: Yes; Economic franchise: Yes; Valuation method: Earnings Power Value; Earnings Power Value: $876; b. Potential Upside: $636; c. Margin of Safety: 400%; d. Certainty: 83%; e. Time: ~3 yrs
    3. Secondary Factors: a. Pristine Balance sheets: 14% equity/asset ratio, imputed credit rating AAA; b. Large cash balances: excess cash / share ~$35; c. Good growth prospects: low, estimate 0-6%/yr; d. Seasoned Management: Chairman/CEO has been with company since 1963; e. Large Product Base: full line of life insurance products as well as small amounts of real estate, nursing home and other investments; f. Large Customer Base: domestic and international through independent marketing organizations; g. Defendable Competitive Position: yes; h. Share Repurchase Program: no, shares outstanding remain constant; i. Insider Buying: 11 insiders bought 95k shares in last 3 months; j. High ROIC that generates FCF: low ROIC, 7.26% vs 8.26% WACC, generates FCF
    4. Hygiene Factors: a. Market Cap: $873M; b. Analysts: no analysts; c. Bulletin Board Activity: minimal, 13 threads in last 3 months; d. Pension fund deficit: none; e. Director/officer pay: normal, CEO $3.8M, COO $1.4M, other officers in mid 6 figures; f. Main shareholders: Tweedy Browne and DFA; g. Dividend yield: small, 0.20%

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
239.04-6.02(-2.46%)Jan 27 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Apple Inc.
NASDAQTue, Jan 27, 2015 4:00 PM EST
Anthem, Inc.
NYSETue, Jan 27, 2015 4:01 PM EST
NASDAQTue, Jan 27, 2015 4:00 PM EST