His son has always been the successor here. He's 80 years old, it's not a surprise he wants to retire. He will stil be involved i think. over the next few years the son will leave his mark - and i think that it will be very positive.
i can see scenarios where this stock goes up 75% over the next 2 years with help from rates and modest capital allocation.
hi guys. this isn't too big of a surprise. Moody senior stepped down from ANAT as well so in my mind it was just a matter of time.
i view this as positive but a few questions remain in my mind. But i would not be expecting any radical changes here - at least until the old man stops having big influence - which i expect will continue.
but all us shareholders want is some slightly better capital allocation. this is going to be a long process so expect to wait another few years.
the only negative potentially is due to the interim nature. hopefully nothing negative around brazil is leading to this.
be back later with more thoughts.
the moodys bank allocation is due to a trust.
the old man is a good operator in general. if they had even a modest capital return plan for when the stock trades cheap he would be a top ceo.
the company really hasn't highlighted why we should support these changes. not that it makes a difference but i want to see the reason for it.
kind of a stick in the eye that the company wants something from shareholders but isn't willing to even pay out a dividend or anything resembling a capital return to shareholders.
missed the discussion on the 1st quarter - how did the longs (and i guess the shorts, bankbuyer) think the first quarter turn out? are we still on track for the revenues you guys expect for 2015 and 2016?
does the company need affirmative votes from both the a and b class of shareholders? normally stuff just goes by as the moody family controls this.
however for something like this - maybe they need both classes to vote. and if so perhaps this is the chance that minority shareholders can ask for a dividend increase or some sort of capital management.
wonder how hard it would be to get people to vote against this deal.
what estate taxes are here? isn't this all in trusts right now?
the bigger hope would be the old man retires from the NWLI CEO spot. I suspect many shareholders want him to die also. (i am not in that camp but if held the stock for 10 years i might start thinking that way)
thanks for the shares. i started buying more yesterday and will continue to buy as it declines. who knows when this stops. while it's not as cheap on an absolute basis compared to a few years ago, it's much cheaper on a relative basis.
it's leaked down a bit the past few weeks. the sad part is this noise on brazil would be a great time for them to buy back some shares and really increase the value for shareholders. but the old man won't do it or pay a dividend. as i said, sad that the stock will rally when he dies.
anyone concerned about Brazil issue should try to speak with the company. They won't tell you much but how they phrased certain answers got me comfortable. A bigger issue is interest rates and when the CEO will actually care about shareholders. But who knows maybe we will get to buy this at 150 bucks like we did a few years ago...