sucks because i looked at this company when i was doing my initial work on NWLI. ended up thinking NWLI was a little cheaper and more conservative. plus i didn't really understand the health stuff as well. oh well.
i doubt very much the moody's sell. they probably could get like 350 for this company but they don't need the money.
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?