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The L.S. Starrett Company Message Board

pmlljl 4 posts  |  Last Activity: Aug 7, 2014 1:42 PM Member since: Jan 9, 2001
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  • pmlljl pmlljl Jun 5, 2014 2:01 PM Flag

    Well it was only $30,000 and that is about half of what he was paid in director fees.

  • Reply to

    Run Away!

    by dsouth7777 Jun 18, 2014 3:57 PM
    pmlljl pmlljl Jun 26, 2014 1:23 PM Flag

    dsouth7777:

    I am glad that you agree with my post. It doesn't happen often.

  • Reply to

    Run Away!

    by dsouth7777 Jun 18, 2014 3:57 PM
    pmlljl pmlljl Jun 24, 2014 4:52 PM Flag

    Well, I thought that the recent sharp decline in the price of NWLI was a good opportunity to make a short-term trade. So I bought more shares in my IRA at just below $244 and sold those same shares today at just below $251 realizing a non-taxable short-term gain of about $7 per share. I still have a large core position in NWLI that I did not change. 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.
    Maybe NWLI will go back down again giving me a chance to reload for another short-term trade.

  • Reply to

    PL

    by dsouth7777 Jun 4, 2014 12:04 PM
    pmlljl pmlljl Aug 7, 2014 1:42 PM Flag

    dsouth7777:

    "Never will happen, but it does show what the market thinks of management."

    NO! The market never even looks at NWLI. "The market looks at AMZN and is willing to pay almost 500 times earnings for AMZN even though AMZN has announced that it will have a huge loss in the third calendar quarter that will probably make AMZN sell at 1000 times earnings. You have to understand that the "market" can be irrational for a long time. The "market" is infatuated with internet companies and biopharmaceuticals like it was during the dotcom boom. It won't be like this forever. I have made a lot of money shorting AMZN.

    Please take a look at the Retained Earnings on the balance sheets of AMZN and compare it to the Retained Earnings of NWLI. This represents the accumulated results of the two companies records. AMZN has been a public company for 16 years and never paid a dividend so the retained earnings represents its accumulated results and they have been dismal. Even though NWLI only pays a small dividend it has accumulated a very large amount of retained earnings over many years compared to its original capital. This is the true measure of success.

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