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Guaranty Federal Bancshares Inc. Message Board

dsouth7777 42 posts  |  Last Activity: 4 hours ago Member since: Feb 24, 2012
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  • Reply to

    Earnings Release

    by bbarberayr 4 hours ago
    dsouth7777 dsouth7777 4 hours ago Flag

    Any ideas on why book increased from $443 to $454?

    Most other lifeco's had lackluster or bad first quarters, especially with the volatility in the markets.

  • dsouth7777 by dsouth7777 8 hours ago Flag

    Look we all are not happy with the share price and the poor capital allocation. I don't mean to bash any of my fellow shareholders, I am just upset at the much discussed lack of engagement and change at NWLI. We can only hope that something will change for the better going forward, but I am not very optimistic at this point.

  • Reply to

    Next Week's Debacle

    by dsouth7777 Apr 29, 2016 12:40 PM
    dsouth7777 dsouth7777 May 4, 2016 3:37 PM Flag

    F that.

    The problem is not the shareholders, it's the management and BOD who are hoarding cash and refusing to do anything for the shareholders.

    I think anyone who apologizes for the dismal performance - the stock is below where it was 10 YEARS ago - is as guilty as the idiots who run the company.

    The track record stands for itself - 10 YEARS of losing shareholder money, yet no one is holding them accountable.

    And people on this board think I should move on. Right, I should be accountable because of the hoarding despots at NWLI. Give me a freakin' break.

    Sentiment: Strong Sell

  • Reply to

    What's going on with AEL?

    by ashjames408 May 3, 2016 11:34 AM
    dsouth7777 dsouth7777 May 4, 2016 1:15 PM Flag

    Ummmm well if you think it's so good, then why are the shares down well over 50% in just the last 6 months??

    Wall St hates this company, and for good reason. They are driving the ship into the ditch.

    1. I did not say loss, but yes they do have impairments.
    2. A miss is a miss on Wall St. 1st quarter was a huge miss due to surprise DAC unlocking.
    3. It is not a good thing to further dilute the shareholders.
    4. They said there was no assurance that they could implement the reinsurance.
    5. Read the earnings press release and listen to the conference call. They will need borrow if sales continue at the current pace.
    6. Apparently, the market really could care less about book value.

  • Reply to

    Next Week's Debacle

    by dsouth7777 Apr 29, 2016 12:40 PM
    dsouth7777 dsouth7777 May 4, 2016 12:05 PM Flag

    Why must you argue with me? These people having controlling interest and refuse to listen or do anything for the public shareholder. All of this is being done on-purpose. I happen to think this is disturbing.

    And, what good does a shareholder proposal do if all they need to do is drag the old man to a computer so he can click on NO?

    Sentiment: Strong Sell

  • Reply to

    What's going on with AEL?

    by ashjames408 May 3, 2016 11:34 AM
    dsouth7777 dsouth7777 May 4, 2016 9:51 AM Flag

    OMG you can't be serious?? Or maybe you just have not done your research on AEL?

    Here's a short synopsis of the last six months of this debacle:

    1. Over 8% of their portfolio is in energy, mining, and mineral companies. They have had downgrades on these securities which a) screws up the balance sheet and b) affects their risk-based capital or RBC.

    2. They have missed earnings estimates 3 straight quarters.

    3. They issued shares last August, diluting the shareholders. Also, there is a forward contract to allow them to issue further shares at $24.75. So Wall St. hedged the forwards with an equal or greater short position which caused some people to be concerned.

    4. They continue to exceed sales goal. Sounds great, right? But the fact is that they write very low margin business and they even stated on the latest conference call that they are having a hard time finding things to buy that meet their requirements. So they have held a larger percentage of cash, further hurting results.

    5. Since they keep increasing sales, that creates a need to keep up their RBC. Now they are at a point that they will have to execute the forward stock sale, which will only nets $135mm. They may need to raise additional capital to bolster RBC, further hurting earnings. Can you imagine borrowing at ~6% to write ~2% business???

    6. During the 1st quarter they evaluated their portfolio (credit downgrades, losses, etc) and did a DAC unlocking. This is done to keep their assumed portfolio returns in line with the balance sheet. Thus it was a direct hit to book value, totally surprising Wall St and causing a large loss for the quarter.

    I could go on and on. They really need to sell the company or change management. If they continue the antics listed above, this company will no longer exist.

  • Reply to

    Next Week's Debacle

    by dsouth7777 Apr 29, 2016 12:40 PM
    dsouth7777 dsouth7777 May 3, 2016 1:35 PM Flag

    This issue is not whether I or anyone else hold the stock.

    The issue is with the way the company is run. The fact is that the public shareholder is totally ignored and neglected. The management and BOD refuse to entertain any changes proposed by shareholders.

    All of this translates to the ridiculously low valuation that the shares command.

    I happen to find the whole situation disgusting.

  • Reply to

    Unbelieveable

    by dsouth7777 Apr 29, 2016 12:47 PM
    dsouth7777 dsouth7777 May 2, 2016 10:45 AM Flag

    You better do some more research. This stock is heading south. Management is destroying shareholder value by the day. Over $1.2 BILLION has been lost so far, but the insiders still get their salaries, bonuses and stock options. It is disgusting.

    Sentiment: Strong Sell

  • Reply to

    Next Week's Debacle

    by dsouth7777 Apr 29, 2016 12:40 PM
    dsouth7777 dsouth7777 May 2, 2016 10:31 AM Flag

    Wow Bid at $211 with book value at $443.

    Wall Street thinks the Moody's can stick their BV where the sun don't shine.

    This thing is headed back to $150 or lower. No one will buy this POS.

    Sentiment: Strong Sell

  • Reply to

    Ask A Question, Get No Response

    by dsouth7777 Apr 27, 2016 2:40 PM
    dsouth7777 dsouth7777 Apr 29, 2016 4:00 PM Flag

    He's just another Moody puppet towing the line. They all should be thrown out except no on can because the Moody's are the all-controlling gods of this company. It is disgusting. Just look at the share price.

    Sentiment: Strong Sell

  • dsouth7777 by dsouth7777 Apr 29, 2016 12:47 PM Flag

    These people keep touting all the sales they are generating and the $42 billion of policyholder money they manage. Who cares when you can't make any money on all of that? Who benefits? The sales folks and management who get commissions and stock options and bonuses? And they have the gall to ask shareholders to approve their incentive plans? Are these people for real????

    The shareholders are totally getting screwed. The management and board are not aligned with shareholder interests. These small companies just simply should not be public.

    Sentiment: Strong Sell

  • dsouth7777 by dsouth7777 Apr 29, 2016 12:40 PM Flag

    Well, the way the stock is acting pretty much guarantees a #$%$ quarter, whenever they release earnings.

    Or, could there be a horrible outcome with the Brazil issue?

    Where is the outrage at how the management and board ignore and neglect shareholders?

    Sentiment: Strong Sell

  • dsouth7777 by dsouth7777 Apr 27, 2016 5:18 PM Flag

    OMG what are these people doing? DAC unlocking is the excuse of the day.

    I thought this debacle could not get any worse.

  • Reply to

    Ask A Question, Get No Response

    by dsouth7777 Apr 27, 2016 2:40 PM
    dsouth7777 dsouth7777 Apr 27, 2016 4:53 PM Flag

    Mr. Pribyl...

    I am still long only because of the large discount to book.

    Waiting for Godot.

  • So sometimes I email the company's IR with a question or two, and I usually get a response back with links to regulatory filings such as 10k's, 10q's, or 8k's. They basically don't want to answer the question(s) directly.

    So recently I asked IR about the abysmal 10-year performance of NWLI shares, specifically if the management and board pay any attention to the shares. I also asked that if the company's intent is to maintain the status quo (meaning writing low return business, attempting to build book value, and pay the token dividend, all the while ignoring public shareholder interests) then why is NWLI a public company.

    As expected, I've yet to receive a response. These people really should be help accountable for their negligent behavior towards the public shareholder. It is downright disgusting. I really wish an activist shareholder would get involved here, it's way overdue.

    Sentiment: Strong Sell

  • Reply to

    no stock appreciation

    by batraa Mar 30, 2016 3:21 PM
    dsouth7777 dsouth7777 Apr 27, 2016 2:08 PM Flag

    I just voted NO to all of AEL's proposals and will do the same here.

  • dsouth7777 by dsouth7777 Apr 27, 2016 12:59 PM Flag

    Voted NO on all the proposals. These people need to do something for the shareholders. All these freakin incentive plans are great for the employees, management, and board, but all the shareholders get is capital losses.

    Until they institute a real dividend and buy back some shares below book, they should not be rewarded.

  • dsouth7777 by dsouth7777 Apr 27, 2016 12:16 PM Flag

    Down, down, down.

    Probably more institutions fed up with the idiots in control here.

    Sentiment: Strong Sell

  • Reply to

    DOJ

    by dsouth7777 Apr 6, 2016 10:07 AM
    dsouth7777 dsouth7777 Apr 15, 2016 10:19 AM Flag

    Well regardless of whether the DOJ decision will impact NWLI, it sure has been going south since the announcement.

  • Reply to

    DOJ

    by dsouth7777 Apr 6, 2016 10:07 AM
    dsouth7777 dsouth7777 Apr 12, 2016 11:43 AM Flag

    From what I understand the surprise was that fixed index annuities were covered under the new rules. They were thought to be excluded.

    Does anyone know what percentage of NWLI's business is fixed indexed annuities?

GFED
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