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The L.S. Starrett Company Message Board

pmlljl 8 posts  |  Last Activity: May 4, 2016 3:21 PM Member since: Jan 9, 2001
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  • Reply to

    Next Week's Debacle

    by dsouth7777 Apr 29, 2016 12:40 PM
    pmlljl pmlljl May 4, 2016 3:21 PM Flag

    dsouth7777:

    Your last post ends with Sentiment: Strong Sell. I think that is exactly what you should do. When you buy a stock you are choosing to be partners with the people who run the company. In your due diligence before you bought NWLI you could have and should have seen the the Moody's control NWLI. Their policy regarding dividends was obvious. And because they own a majority of the stock you should have known that their view on buybacks was going to prevail. Still you chose to buy the stock. Perhaps you should sell NWLI and buy ANAT, another insurance company run by the Moodys. It has a much higher dividend and they have increased the dividend in each of the past two years.

  • Reply to

    no stock appreciation

    by batraa Mar 30, 2016 3:21 PM
    pmlljl pmlljl Apr 1, 2016 3:09 PM Flag

    batraa:

    I can't believe that institutional shareholders are happy with zero interest rates for the last eight years either. I suspect that zero interest rates are more responsible for the lack of appreciation in NWLI's stock price than anything done by the Moodys. So maybe we should be blaming Bernanke and Yellen and all of the central bankers around the world.

  • Reply to

    New Chairman of the Board - maybe changes coming?

    by bbarberayr Mar 14, 2016 12:16 PM
    pmlljl pmlljl Mar 16, 2016 3:06 PM Flag

    If I understand it correctly, the proxy statement last year said that Robert Moody's total compensation was about $4,000,000. I would prefer that he get $1,000 per month rather than $4,000,000 per year.

  • Reply to

    New Chairman of the Board - maybe changes coming?

    by bbarberayr Mar 14, 2016 12:16 PM
    pmlljl pmlljl Mar 14, 2016 3:42 PM Flag

    Do we interpret this to mean that Robert Moody is taking a big pay cut?

  • Reply to

    Financial Statements posted today by Edgar

    by pmlljl Feb 25, 2016 5:23 PM
    pmlljl pmlljl Feb 28, 2016 2:45 PM Flag

    Nobody has posted a message regarding BH's financial statements but me. Doesn't anybody even look at them? Doesn't anyone care? Doesn't anyone even follow BH anymore? Maybe everybody knows by now that Mr. Big can't be trusted and only smacys is willing to invest with someone he doesn't trust.

  • I looked at BH's quarterly and annual financial statements posted today on Yahoo's web page by Edgar and was interested to see losses for the quarter and year end. Was this ever reported earlier on Yahoo. I don't remember seeing it. I also noticed the big increase in stock repurchased on the balance sheet. Now we know why the price has risen.

  • Reply to

    The Management

    by dsouth7777 Jan 4, 2016 2:32 PM
    pmlljl pmlljl Jan 6, 2016 3:01 PM Flag

    dsouth7777:

    I don't disagree with you. I first bought KCLI years ago when It was about $30 and sold it at higher prices to buy more NWLI. Recently I bought just enough KCLI to take advantage of the 1 for 250 reverse split because it looked like easy money. I still own a lot of NWLI so I know what you are talking about. I still think something will work out there. I don't think the game is over at KCLI yet. If it goes to $30 I will probably buy it again. If management is willing to buy us out at $30, I believe they think it is worth much more and I believe they may do something about it in time. I think six months or a year from now would be a more appropriate time to do "something".

  • Reply to

    The Management

    by dsouth7777 Jan 4, 2016 2:32 PM
    pmlljl pmlljl Jan 5, 2016 4:32 PM Flag

    Well, I received $52.50 for my shares so I am happy. I just wish other companies would provide me with the opportunity to make "almost free" money.

    I also expect that Management may make an offer to go completely private later or to sell the whole company.
    As you know, the market hates insurance companies and overseas companies think that American insurance companies are cheap.

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