I own both ANAT and NWLI, so I have known of ANAT's strong stock price performance. Actually, it has been much better than you have said if you go back farther. I bought a good bit of ANAT in October 0f 2012 at around $65. The market price was way too low then. I think NWLI's stock price is still way too low now and I have been buying more of it.
I agree with your statement about Mr. Moody. While I wish NWLI had bought its stock back around $140, I think they have managed the company very well. The management is not responsible to see that the stock trades at a high price. If the market doesn't appreciate the company it is probably the fault of the investors. I have put my money where my mouth is and I bought a good bit more NWLI today. Sooner or later the market will come to its senses.
According to Yahoo NWLI traded 15712 shares today which is a large figure compared to its average volume.
However, the price didn't move very much in either direction during the day.
Earlier this year I sold some of my stock but now I am a buyer again. I bought some today at $205.49 and I also had another limit order below the market which did not get filled. I think the price is simply too low relative to other stocks or fixed income returns. Technical analysts say that the volume increases before the price changes. I expect that to happen here and I am trying to increase my position materially before the price goes up a lot.
I didn't get to the computer until later in the trading day and when I entered a buy order, someone else kept outbidding me as I raised my offer. So, I only got a partial fill.
FWIW, NWLI's sister company, ANAT, had a pretty good 3rd quarter report but it included a good amount of capital gains. I don't know if ANAT's report is any indicator of what NWLI will report. ANAT's report didn't do much for its stock, but I bought more ANAT today as well.
My post was incorrect. Ross is the COO. I would be more encouraged if he believed enough in NWLI to hold on to the shares he acquired through options.
Well, NTN's book value is about $.10 per share and if I subtract the intangible assets on its balance sheet, the book value is about $.05 per share. I say it is very overvalued at $.42. To me it is worth exactly $.00 per share.
Ross Moody is prominently featured on the list of insiders selling NWLI stock. He was paid $1,800,000 last year and is ceo of the company. I hate to think that he could not afford to hold the stock he got through the option process. He has been a director since 1981 and ceo for more than 20 years. What does he do with his money that he HAS to sell his stock? Does he have a high maintenance wife?
Look at NTN's financial statements. The income statements show losses every year. The stockholders equity section of the most recent balance sheet shows a retained earnings deficit of $111,000,000. This miserable outfit has never made any money and never will. What possible "positive development" could you possibly see here?
TWGP looks like a disaster. The under reserving alone is terrible. And the write off of goodwill is another example of why I refuse to buy stock in companies with a lot of goodwill on their balance sheets.
Don't you just love doing business with Mr. Biglari? He always makes things so simple and clear for his investors