Earnings this week and the stock has plummeted from over $15 last month down to $6.86, meaning the stock now trades at cash. TTM EPS is $1.06 and last quarter, SNFCA reported EPS of .42 vs. .08 YOY and Q4 EPS in 2011 was .09 and no doubt Q4 (to be reported this week) will absolutely blow away last year's numbers. 5.4 million shares in the float and 1 million shares are short. Great set-up here for a return to $15. The CFO tells me their mortgage side of the business is booming and historically this company is as quiet as it gets in the public arena. It appears to me that the company will report no less than EPS of $1.35 for 2012, so I see huge upside.
you idiots really believe this guy talked to the CFO. The CFO would not be able to say anything
if he did talk with him. Especially during the quiet period.
No wonder YMB is know for having some of the stupidest posters. You guys believe anything.
Kiss .... you total buffoon .. I speak with executives daily and nothing material was stated other than their mortgage business is on fire. Read the 10-K you dope. Monster Q4 earnings, as my firm estimated $1.35 for the year, way under the reported $1.57
thats a pretty dum statement. In general, the Dec quarter is slightly seasonally weaker than the Sept quarter for all companies tethered to real estate sales, since the height of the selling season is the spring and summer, and slows entering winter.
As for why they would report earnings today or tommorrow.....they almost always file their year end 10K on 3/30 or 3/31...whichever is the last day of March. This year its a bit messed up, since the 3/30 and 3/31 are Sat and Sunday, while 3/29 is a holiday. So the filing should be after the close today, or sometime on Monday.
FWIW, am not knowledgeable about technical reporting procedures, but out of curiosity I called SNFCA ystdy and asked when earnings wud b announced. I was told company wud file with SEC either Friday (tmrw) or Monday, and announcement wud be subsequent to filing.