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National Western Life Insurance Company Message Board

dsouth7777 33 posts  |  Last Activity: Sep 10, 2014 12:47 PM Member since: Feb 24, 2012
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  • Reply to

    Buying time?..

    by michaelmcmx Aug 4, 2014 9:48 AM
    dsouth7777 dsouth7777 Aug 6, 2014 1:33 PM Flag

    Apparently not the best time.

    My guess is that the conference call did not go well.

  • Reply to

    Mrs. Moody

    by chiefned Aug 5, 2014 10:43 AM
    dsouth7777 dsouth7777 Aug 5, 2014 12:15 PM Flag

    I think she is there to ensure that if something happens to Mr. Moody things will continue as normal.

    That is, making sure that nothing is ever done to reward minority shareholders.

  • dsouth7777 by dsouth7777 Aug 3, 2014 10:10 AM Flag

    They did buy a bunch of GOV this week:

    Jul 29, 2014 PORTNOY ADAM
    Director 360,000 Direct Purchase at $23.50 per share 8,460,000

    Jul 29, 2014 PORTNOY BARRY M
    Director 440,000 Direct Purchase at $23.50 per share 10,340,000

  • dsouth7777 by dsouth7777 Aug 1, 2014 3:56 PM Flag

    Hurry!!...SELL INTO THE VACCUM!!

    My goodness, no support in sight.

  • dsouth7777 by dsouth7777 Jul 31, 2014 3:26 PM Flag

    Finally produced something positive for the shareholder.

    Hope the momentum can continue.

  • dsouth7777 by dsouth7777 Jul 7, 2014 12:15 PM Flag

    Banc of California, N.A., the national bank subsidiary of Banc of California, Inc. (BANC), announced today that it expects to have funded a company record of over $1.4 billion in loans during the second quarter of 2014.

    Jeff Seabold, Chief Lending Officer of Banc of California, stated “As California’s Bank, we are open for business. We are excited to have met the diverse credit needs of thousands of California’s businesses, entrepreneurs and homeowners during the second quarter. These results are a testament to the strong team of banking professionals we have assembled at Banc of California and puts us on pace to meet our ambitious lending goals for 2014.”

    Steven Sugarman, Chief Executive Officer of Banc of California, stated “Good lending is good business. We are pleased to see strong demand for our lending products and to find attractive opportunities to deploy our capital. The Bank’s healthy loan growth will result in long term stockholder value, while strengthening the communities we serve.”

    But the question remains - will BANC make any money on these loans?

  • Reply to

    PL Capital

    by dsouth7777 Jun 22, 2014 10:05 AM
    dsouth7777 dsouth7777 Jul 6, 2014 10:18 AM Flag

    And from the 4th of July Barron's:

    Increases in Holdings

    Banc of California (BANC)

    PL Capital upped its stake to 1,966,676 shares (7.5%) by buying 39,400 from June 19 to June 27 for $10.89 to $10.90 apiece. PL disclosed that it has concerns about the bank's "corporate governance, operating performance, financial projections, and compensation plans." PL also declared its intent is to engage with management and the board to address these concerns.

  • dsouth7777 dsouth7777 Jul 4, 2014 9:21 AM Flag

    Dunno. I thought the crack spread was more important than the WTI vs Brent.

    Any opinions on this?

  • Reply to

    Annual Meeting

    by tiredofworkin May 29, 2014 5:10 PM
    dsouth7777 dsouth7777 Jul 4, 2014 9:14 AM Flag

    Nice call on the divvy.

    The share price surely hasn't reacted at all. Would have thought there would have been a little more positive movement.

  • Reply to

    Run Away!

    by dsouth7777 Jun 18, 2014 3:57 PM
    dsouth7777 dsouth7777 Jun 27, 2014 12:14 PM Flag

    Well, there are a lot of differing views on NWLI, and this board give us all a forum to express our opinions.

    Just be glad we're not discussing politics! :-)

    Haha have a nice weekend!

  • dsouth7777 by dsouth7777 Jun 27, 2014 11:10 AM Flag

    So HFC hits a high of $46 or so yesterday, early afternoon. It proceeds to drop into the close, trading approx 3 million shares during the day.

    Then someone sells 1 million shares after the close at $45.48.

    And guess what happens. A downgrade this morning.

    Wall Street is such a dirty game.

  • Reply to

    Run Away!

    by dsouth7777 Jun 18, 2014 3:57 PM
    dsouth7777 dsouth7777 Jun 25, 2014 12:10 PM Flag

    "NWLI is my only long position in what I think is a dangerously overpriced market due to the Fed holding interest rates at near zero %. I can't find anything else that I want to buy and have nearly 50% of my assets in cash earning nothing. I have covered about 90% of my AMZN short with about a 20% realized gain. I don't know what else to do while waiting for the Fed to quit persecuting savers and old folks."

    My sentiments exactly!!

  • dsouth7777 by dsouth7777 Jun 22, 2014 10:05 AM Flag

    Oh yeh..let's get this going!!

    Business: retail banking products and services in the U.S.
    Investor's Avg Cost: $10.53/share
    Stock-Market Value: $225 million ($10.97/share)

    What's Happening: PL Capital sent a detailed letter to the board regarding significant concerns and questions it has about the bank's corporate governance, operating performance, financial projections, and compensation plans.

    Key Numbers:
    35: Number of 13D filings PL Capital has made in banking and financial companies.

    43.7%: the average return on those 35 filings (versus 29.4% for the S&P500 over the same time periods).

    Behind the Scenes: PL Capital is first a banking-industry investment firm, and second an activist investor. Its principals have extensive accounting, auditing, and corporate finance experience in the banking industry, and it has an outstanding track record as an activist in the industry.

    As PL Capital set forth in its letter, Banc of California is a company with horrible corporate governance practices and egregious compensation policies. The detail that the letter goes into not only shows the board how knowledgeable PL Capital is about the banking industry; it also educates other shareholders, and reveals to them the severity of the situation.

    The most pressing issue is corporate governance: The board needs to change the culture and stop rubber-stamping compensation plans. The second issue is operating performance. CEO Steven A. Sugarman is a skilled deal maker and was hired to get the company to $5 billion in assets, which he accomplished. Now, it is an operating story. Sugarman is up for re-election in 2016, so he has a year and a half to prove himself as an operator.

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