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National Western Life Insurance Company Message Board

  • dsouth7777 dsouth7777 Jun 18, 2014 3:57 PM Flag

    Run Away!

    Apparently someone is bailing out. Heading south on some volume.

    On the one hand, can't blame them. Nothing will ever change here.

    On the other, who would sell this at 60% of book when a competitor just got bought out at 1.29x book?

    Guess that's what make a market.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Well, I thought that the recent sharp decline in the price of NWLI was a good opportunity to make a short-term trade. So I bought more shares in my IRA at just below $244 and sold those same shares today at just below $251 realizing a non-taxable short-term gain of about $7 per share. I still have a large core position in NWLI that I did not change. NWLI is my only long position in what I think is a dangerously overpriced market due to the Fed holding interest rates at near zero %. I can't find anything else that I want to buy and have nearly 50% of my assets in cash earning nothing. I have covered about 90% of my AMZN short with about a 20% realized gain. I don't know what else to do while waiting for the Fed to quit persecuting savers and old folks.
      Maybe NWLI will go back down again giving me a chance to reload for another short-term trade.

      • 1 Reply to pmlljl
      • "NWLI is my only long position in what I think is a dangerously overpriced market due to the Fed holding interest rates at near zero %. I can't find anything else that I want to buy and have nearly 50% of my assets in cash earning nothing. I have covered about 90% of my AMZN short with about a 20% realized gain. I don't know what else to do while waiting for the Fed to quit persecuting savers and old folks."

        My sentiments exactly!!

    • We should also be asking ourselves why was the competitor bought instead of NWLI? I'm sure the acquirer considered all options. On another note, the Federal Reserve reaffirmed that rates would remain historically low well into 2015 and 2016. This does not bode well for a company that needs to turn over its portfolio. Also, at minute 44–45 of Chairman Yellen's testimony today, she mentioned that high-yield bonds are on their radar.

 
NWLI
247.83-3.16(-1.26%)Jul 25 3:59 PMEDT

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