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National Western Life Group, Inc. Message Board

dsouth7777 67 posts  |  Last Activity: Jul 8, 2016 1:38 PM Member since: Feb 24, 2012
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  • Reply to

    Off Another 4%

    by dsouth7777 Jun 9, 2016 9:46 AM
    dsouth7777 dsouth7777 Jun 13, 2016 9:42 AM Flag

    Off well over 8% in 3 days.

    What a wonderful company. Here's a quote from their website, which obviously does NOT apply to shareholders:

    "We do not believe our policyholders should suffer sleepless nights, tossing and turning, worried about uncertainty in retirement. At American Equity, we believe in a good night’s sleep. We provide “Sleep Insurance”.

    What a joke. If I had an annuity with them I'd be very worried.

    Sentiment: Strong Sell

  • dsouth7777 by dsouth7777 Jun 9, 2016 9:46 AM Flag

    Plunging again like the #$%$ it is.

    Management laughing at the shareholders.

    JPM upgrade - I can see that's helping.

    Sentiment: Strong Sell

  • dsouth7777 by dsouth7777 Jun 8, 2016 3:51 PM Flag

    Wow wealth destruction in force.

    Maybe they can get this back to 150.

    If that happens, they'll probably have the Moody celebration fireworks.

    Sentiment: Strong Sell

  • Reply to

    Selling Continues

    by dsouth7777 Jun 7, 2016 3:19 PM
    dsouth7777 dsouth7777 Jun 8, 2016 11:20 AM Flag

    Off 12 points from yesterday's high.

    Moody's legacy continues.

    Sentiment: Strong Sell

  • Reply to

    Brazil

    by dsouth7777 Jun 7, 2016 12:05 PM
    dsouth7777 dsouth7777 Jun 8, 2016 8:23 AM Flag

    "In addition, a new law recently enacted in Brazil would limit the amount of any penal fine to 3 million reais (approximately $800,000 based on current exchange rates)"

    That's a bit better than the $6,000,000,000 original fine.

  • Reply to

    Annual

    by bbarberayr Jun 7, 2016 3:33 PM
    dsouth7777 dsouth7777 Jun 7, 2016 4:06 PM Flag

    I can see the market today is embracing the coming changes.

    Sentiment: Strong Sell

  • dsouth7777 by dsouth7777 Jun 7, 2016 3:19 PM Flag

    11k shares traded today already, down 5 points.

    Someone wants out, and I can't say I blame them.

    Annual report honors the old man, a child of the depression. Lord know how that screwed him up, no wonder hoarding cash is a hallmark of NWLI.

    What a farce. Decades of abusing the public shareholder. Wow.

    Sentiment: Strong Sell

  • dsouth7777 by dsouth7777 Jun 7, 2016 12:05 PM Flag

    A bit of a change to the verbage:

    On October 26, 2011 the Brazilian Superintendence of Private Insurance (“SUSEP”) attempted to serve National Western with a subpoena regarding an administrative proceeding initiated by SUSEP in which it alleged that National Western was operating as an insurance company in Brazil without due authorization. National Western had been informed that SUSEP was attempting to impose a penal fine, based on currency exchange rates at that time, of approximately $6.0 billion on the company. SUSEP unsuccessfully attempted to serve National Western with notice regarding this matter. National Western does not transact business
    in Brazil and has no officers, employees, property, or assets in Brazil. National Western believes that SUSEP has no jurisdiction over the company, that SUSEP's attempts at service of process were invalid, and that any penal fine would be unenforceable. In addition, a new law recently enacted in Brazil would limit the amount of any penal fine to 3 million reais (approximately $800,000 based on current exchange rates). For the reasons described above, the Company does not believe that this matter meets the definition of a material pending legal proceeding as such term is defined in Item 103 of Regulation S-K but has included the
    foregoing description solely due to the purported amount of the fine sought at that time. Nonetheless, National Western is in discussions with SUSEP in an effort to resolve this matter. No conclusion can be drawn at this time as to the outcome of these discussions, or whether they will continue, or how any such outcome may impact the Company’s business, results of operations, or financial condition. However, in light of the pendency of discussions with Brazilian authorities, National Western has ceased
    accepting new applications from residents in Brazil.

    Sentiment: Strong Sell

  • Reply to

    Most Heard Phrase on Wall Street

    by dsouth7777 Jun 3, 2016 9:51 AM
    dsouth7777 dsouth7777 Jun 6, 2016 4:13 PM Flag

    Even JPM said this is the worst stock in the life/annuity sector.

    It's the management and board that are the problem here, not the shareholders.

    Tiring? How anyone can defend these despots is unbelievable. Shareholders have been killed and they still get their salaries, bonuses, and options. AEL is a prime example of what is wrong with corporate America.

    Sentiment: Strong Sell

  • "AEL is plunging again".

    This is the worst run life / annuity company. Down almost 50% from its 52-week high.

    Need to shake up the management and board here or just sell the company.

    All the cheerleaders here can look at the fact that even with such a huge price drop, there is no insider buying. Of course they get all their free shares via options, but if they thought any rebound was going to happen they would be buying. This is dead money.

    Sentiment: Strong Sell

  • Reply to

    Failed Strategy

    by dsouth7777 May 13, 2016 10:22 AM
    dsouth7777 dsouth7777 Jun 2, 2016 5:27 PM Flag

    I don't care how anyone wants to spin this.

    NWLI management and board are worthless. The market is telling you this by the fact that it sells for less than 50% of book value.

    But they sure have enriched themselves. I cannot believe public shareholder support these despots.

    Sentiment: Strong Sell

  • Reply to

    Failed Strategy

    by dsouth7777 May 13, 2016 10:22 AM
    dsouth7777 dsouth7777 Jun 2, 2016 8:42 AM Flag

    Sure. Low rates, low valuations.

    But look who is at the bottom of the list...by a wide margin. There is no one to blame except the management and board.

    Price-to-Book Value:

    PFG 129%
    FGL 92%
    LNC 75%
    ANAT 71%
    PRU 71%
    MET 66%
    AEL 60%
    NWLI 47%

    Sentiment: Strong Sell

  • dsouth7777 by dsouth7777 Jun 2, 2016 8:17 AM Flag

    Anyone notice that short interest has been going way up?

    4/29 4,965,063

    5/13 6,184,733

    I don't have the figures before 4/29, but Yahoo shows approx. 2.9MM.

    My point is that someone knew the deal was not going as planned.

  • Reply to

    After hours trading looks scary...

    by kgregt3 Jun 1, 2016 5:24 PM
    dsouth7777 dsouth7777 Jun 2, 2016 8:12 AM Flag

    We can only hope there are other bidders out there!

  • Reply to

    After hours trading looks scary...

    by kgregt3 Jun 1, 2016 5:24 PM
    dsouth7777 dsouth7777 Jun 1, 2016 5:29 PM Flag

    No new I can see...yet.

    So what if deal doesn't go through, they are still very profitable and valuation appears low.

    Another company could make an offer?

  • No news....yet.

  • Reply to

    Failed Strategy

    by dsouth7777 May 13, 2016 10:22 AM
    dsouth7777 dsouth7777 May 31, 2016 4:27 PM Flag

    The point is that building book value is a bunch of baloney. If book value mattered, why does NWLI trade at ~45% of BV?

    The management and board have failed miserably in creating any value for shareholders. They have enriched themselves while the shareholders see the value of their investment go up in smoke. It is shameful.

    Sentiment: Strong Sell

  • Reply to

    2pm on a friday

    by batraa May 27, 2016 3:10 PM
    dsouth7777 dsouth7777 May 29, 2016 10:27 AM Flag

    Holiday weekend too.

    The volume here and in other lifeco's seemed to be around the release of this news:

    http://www.reuters.com/article/us-usa-fed-insurance-idUSKCN0YI25D

    Sentiment: Strong Sell

  • Reply to

    What's going on with AEL?

    by ashjames408 May 3, 2016 11:34 AM
    dsouth7777 dsouth7777 May 20, 2016 10:08 AM Flag

    This company sold shares to the public at $25.50. I did not purchase any, but my point is that the idiots running the company have created some very bad karma for shareholders who purchased at higher prices.

    And, I don't need any lessons from your sarcastic mouth. The problem is not the shareholders, it's the management and board of this company. They don't know what the hell they are doing. If they had a clue, they would not have DESTROYED over a BILLION dollars of shareholder value.

    Sentiment: Strong Sell

  • dsouth7777 by dsouth7777 May 13, 2016 10:22 AM Flag

    Apparently, building book value means absolutely nothing. $454 is an amount that shareholders will never see. It is pure fantasy. For a shareholder, only a dividend is real.

    NWLI in free-fall. Already back to June, 2005 levels. Your management and board still hard at work.

    Sentiment: Strong Sell

NWLI
193.900.00(0.00%)Jul 22 4:00 PMEDT