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Mercury General Corporation Message Board

koyak23 7 posts  |  Last Activity: Aug 5, 2014 9:46 AM Member since: Mar 24, 2011
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  • Reply to

    buyback mainly

    by dangiteli Aug 4, 2014 7:32 PM
    koyak23 koyak23 Aug 5, 2014 9:46 AM Flag

    I have owned the stock since 2005. The latest earnings report indicates that NTP has repurchased a little less than one million shares. That is about 18% of the projected buyback. Today would be a good day for them to buy another few thousand shares :) Hopefully, NTP will continue its buyback at a faster pace between now and November.

    The earnings report suggests that the land development plans are on track which is good news. Also, they indicate that they are looking for other investors to join them in the development. If this were to happen,I think that would be a good sign.

    I have no first hand info about Kellogg and Kahn,but I do recall reading that Kahn increased his holdings back in the late spring. I would be interested in whether Kellogg and Kahn have made any changes (plus or minus) in their holdings. If you find out, please let us know.

  • Looking at the update it appears that the company has bought back about $ 4 million dollars worth of shares as of June 30th. This represents 10% of the $40 million buyback it announced in May. If NTP plans to meet the $40 million dollar number by November it is going to have to significantly increase its rate of share repurchase unless there is a considerable increase in share price over the next several months.

  • Reply to

    PM still printing money

    by aquawave98 Jun 26, 2014 3:56 PM
    koyak23 koyak23 Jun 27, 2014 9:51 AM Flag

    But the profit( cash flow) guide was up...

  • I'm looking at IEP for the first time. It shows a 6% dividend,but the dividend seems to fluctuate considerably both in amount and month of payment. Can someone give me some insight regarding the dividend history ? Is this an appropriate stock for a dividend investor ?

  • Reply to

    $86 -$ 87 at open

    by notsoobviousman1 Jun 26, 2014 9:07 AM
    koyak23 koyak23 Jun 26, 2014 10:30 AM Flag

    Put the "bad" news( decreased earnings) upfront and then buried the "good" news(increased cash flow).

  • Reply to

    NTP is up 13% since buyback announcement

    by koyak23 May 30, 2014 8:53 AM
    koyak23 koyak23 Jun 5, 2014 8:53 AM Flag

    As of May 15th shorts were holding a little over a million shares. I wonder how many have covered since then ?

  • Reply to

    NTP is up 13% since buyback announcement

    by koyak23 May 30, 2014 8:53 AM
    koyak23 koyak23 Jun 4, 2014 9:53 AM Flag

    15,000 shares trading at the open and another 16,000 shares trading moments later taking the stock higher. It's Wednesday so I'm wondering if NTP has decided to make at least some of its buys at Wednesday openings., keeping in mind that two consecutive Wednesdays does not a trend make.

MCY
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