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National Western Life Group, Inc. Message Board

pmlljl 1221 posts  |  Last Activity: Jul 5, 2016 2:56 PM Member since: Jan 9, 2001
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  • AIRT announced that it bought back its shares from Biglari for about $8,000,000. Sardar lucked out.

  • Reply to

    Next Week's Debacle

    by dsouth7777 Apr 29, 2016 12:40 PM
    pmlljl pmlljl May 4, 2016 3:21 PM Flag

    dsouth7777:

    Your last post ends with Sentiment: Strong Sell. I think that is exactly what you should do. When you buy a stock you are choosing to be partners with the people who run the company. In your due diligence before you bought NWLI you could have and should have seen the the Moody's control NWLI. Their policy regarding dividends was obvious. And because they own a majority of the stock you should have known that their view on buybacks was going to prevail. Still you chose to buy the stock. Perhaps you should sell NWLI and buy ANAT, another insurance company run by the Moodys. It has a much higher dividend and they have increased the dividend in each of the past two years.

  • Reply to

    no stock appreciation

    by batraa Mar 30, 2016 3:21 PM
    pmlljl pmlljl Apr 1, 2016 3:09 PM Flag

    batraa:

    I can't believe that institutional shareholders are happy with zero interest rates for the last eight years either. I suspect that zero interest rates are more responsible for the lack of appreciation in NWLI's stock price than anything done by the Moodys. So maybe we should be blaming Bernanke and Yellen and all of the central bankers around the world.

  • Reply to

    New Chairman of the Board - maybe changes coming?

    by bbarberayr Mar 14, 2016 12:16 PM
    pmlljl pmlljl Mar 16, 2016 3:06 PM Flag

    If I understand it correctly, the proxy statement last year said that Robert Moody's total compensation was about $4,000,000. I would prefer that he get $1,000 per month rather than $4,000,000 per year.

  • Reply to

    New Chairman of the Board - maybe changes coming?

    by bbarberayr Mar 14, 2016 12:16 PM
    pmlljl pmlljl Mar 14, 2016 3:42 PM Flag

    Do we interpret this to mean that Robert Moody is taking a big pay cut?

  • Reply to

    Financial Statements posted today by Edgar

    by pmlljl Feb 25, 2016 5:23 PM
    pmlljl pmlljl Feb 28, 2016 2:45 PM Flag

    Nobody has posted a message regarding BH's financial statements but me. Doesn't anybody even look at them? Doesn't anyone care? Doesn't anyone even follow BH anymore? Maybe everybody knows by now that Mr. Big can't be trusted and only smacys is willing to invest with someone he doesn't trust.

  • I looked at BH's quarterly and annual financial statements posted today on Yahoo's web page by Edgar and was interested to see losses for the quarter and year end. Was this ever reported earlier on Yahoo. I don't remember seeing it. I also noticed the big increase in stock repurchased on the balance sheet. Now we know why the price has risen.

  • Reply to

    The Management

    by dsouth7777 Jan 4, 2016 2:32 PM
    pmlljl pmlljl Jan 6, 2016 3:01 PM Flag

    dsouth7777:

    I don't disagree with you. I first bought KCLI years ago when It was about $30 and sold it at higher prices to buy more NWLI. Recently I bought just enough KCLI to take advantage of the 1 for 250 reverse split because it looked like easy money. I still own a lot of NWLI so I know what you are talking about. I still think something will work out there. I don't think the game is over at KCLI yet. If it goes to $30 I will probably buy it again. If management is willing to buy us out at $30, I believe they think it is worth much more and I believe they may do something about it in time. I think six months or a year from now would be a more appropriate time to do "something".

  • Reply to

    The Management

    by dsouth7777 Jan 4, 2016 2:32 PM
    pmlljl pmlljl Jan 5, 2016 4:32 PM Flag

    Well, I received $52.50 for my shares so I am happy. I just wish other companies would provide me with the opportunity to make "almost free" money.

    I also expect that Management may make an offer to go completely private later or to sell the whole company.
    As you know, the market hates insurance companies and overseas companies think that American insurance companies are cheap.

  • pmlljl by pmlljl Nov 2, 2015 2:14 PM Flag

    I haven't seen any news item mentioning NWLI's 2015 dividend. So I did a search and discovered that NWLI did declare a dividend of the regular $.36. It was declared on 10-16-15 and is payable to holders of record on 10-30-15 and is payable on 12-3-15.

    Does the fact there was no news item on Yahoo about the dividend indicate that the company realizes that this dividend amount is not going to impress anyone?

  • Reply to

    Q2 Earnings

    by dsouth7777 Aug 6, 2015 1:09 PM
    pmlljl pmlljl Aug 7, 2015 2:08 PM Flag

    dsouth7777:

    I am waiting to see if they increase the dividend by 4% like ANAT did. That would make it about $.375. Whoopee!

  • Reply to

    Green Shoots?

    by dsouth7777 Jul 30, 2015 12:25 PM
    pmlljl pmlljl Jul 30, 2015 2:30 PM Flag

    dsouth7777:

    Yes they raised the quarterly from $.77 to $.80. Good!

    Friday Kansas City Life Insurance (KCLI) announced that it would do a reverse split of 250 to 1 followed immediately by a forward 250 for 1 stock split. The purpose is to squeeze out all of the shareholders who own less than 250 shares and reduce the number of shareholders so that KCLI no longer has to report to the SEC which will reduce regulatory and reporting costs. The holders of less than 250 shares will be paid $52.50 per share which is more than a 20% premium of what the stock was trading at before the announcement. KCLI's
    book value is about $70 and it is trading at a p/e ratio above 16. These numbers value KCLI considerably higher than NWLI and once again point out how undervalued NWLI is. I used to own KCLI and I have bought some again at about $ 47 expecting to make about $5 plus in probably less than a year.

  • Reply to

    New CEO - potential for change?

    by bbarberayr Jun 23, 2015 12:21 PM
    pmlljl pmlljl Jun 23, 2015 3:52 PM Flag

    bbarberayr:

    I expect that Ross Moody will be named the new permanent CEO and that there will be no noticeable change in the way NWLI is run.

    However, the good news is that some market heavyweights have become more interested in the financial stocks, namely the big banks and big insurers. If you look at the other insurers, you will see that they are nearing their highs for the year. Normally stocks move in groups because investors are unable to distinguish the good ones from the not so good ones. I have also expanded my position in NWLI in anticipation of an up move and because I think it is extremely undervalued.

  • pmlljl pmlljl Apr 13, 2015 5:04 PM Flag

    I think Brazil should concentrate its efforts on the political corruption related to Petrobas. That should
    keep them busy.

  • pmlljl pmlljl Mar 23, 2015 5:24 PM Flag

    smaycs4:

    You were warned many times on this board that he was an egomaniac that you could not trust.

  • Reply to

    Earnings out

    by stillwater9999 Mar 11, 2015 5:25 PM
    pmlljl pmlljl Mar 20, 2015 6:08 PM Flag

    dsouth7777:

    "How long can people wait for something to change Here?"

    The Fed has held interest rates at 0% for more than six years and counting and we will have Obama for eight years. I think that they are all incompetent and the need to go. If i am correct we stand to suffer for about two more years unless something overpowers them.

  • Reply to

    SEC

    by chiefned Nov 3, 2014 9:42 AM
    pmlljl pmlljl Nov 6, 2014 2:53 PM Flag

    chiefned:

    I repeat myself, Genworth is a TERRIBLE company and they just released a quarterly report to prove it. They reported an operating loss and a big loss from impairment of goodwill. Well, I refuse to buy stock in companies that report having a lot of "accounting goodwill because it frequently just means that the company paid TOO MUCH when they made a bad acquisition. If you would be so kind as to look at NWLI's balance sheet you will find exactly ZERO amount of intangible assets. This is one reason why I own NWLI and not Genworth. Now you should understand why NWLI is going up and Genworth and Amazon are going down. Investing is about owning consistently profitable companies. If you think I am beating you up for your analysis about this situation, you are correct.

  • Reply to

    SEC

    by chiefned Nov 3, 2014 9:42 AM
    pmlljl pmlljl Nov 4, 2014 2:19 PM Flag

    chiefned:

    First, Genworth is a terrible company. It has never been very successful.

    Secondly, investing is about trying to make money by buying stock in companies that make money. Amazon this year will have a net loss and NWLI will make close to $30 per share. Which one would a rational investor buy? Why would any sane person pay $300+ for Amazon and have a company that loses money when he could buy NWLI at $270 and make almost $30. The fact is that the market is finally coming to its senses. Be my guest and buy Amazon because I will probably short it again and I would be very happy to take some of your money.

  • Reply to

    SEC

    by chiefned Nov 3, 2014 9:42 AM
    pmlljl pmlljl Nov 3, 2014 6:39 PM Flag

    chiefned:

    I disagree. The most unusual thing about NWLI's pricing was that it got down to $125 in 2012. Even at its current price it is only about 2/3 of book value. Some stocks sell at many times book value. Look at Amazon, it sells at 15 times book value and it doesn't even make any money. I shorted Amazon to hedge my long position in NWLI and it worked out very profitably. I covered my short in Amazon after the most recent terrible quarterly report by Amazon and now I am enjoying the rally in NWLI. Look out book value, here we come.

  • I received Amazon's first drone delivery. Jeff Bezos hyped the drone thing that delivered big profits to my short sales of AMZN. Thanks Jeff, you da man!

NWLI
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