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
I agree that nwli's 2nd quarter report looks very good. It is my largest position so I am pleased.
I did a quick review of PNX and AEG. PNX looks like it hasn't made a profit in the 3 years of financial reports covered by yahoo. That is unacceptable to me. Yahoo doesn't have financial statements for AEG, so I tried to look at them on AEG's web site. It was hard to read and suffered from looking like the muddled European statements I have run into in the past. I am sticking with NWLI because I do not know of a better insurance company.
I would also like to know where you are moving the proceeds if you are willing to tell. Would you also tell us what are your top two positions?
Yesterday NWLI's sister company, American National Insurance Company (ANAT), also controlled by the Moody family reported impressive 3rd quarter earnings in my opinion. I don't know if this improves the chances of a good report from NWLI. I own stock in both companies and was happy to see the results for ANAT.
There are many boards quieter than this one. For example, ANAT, a company with nearly four times the market capitalization of NWLI and controlled by the same family hasn't had a message posted since 5-30-13. I guess the investors who own the stocks are out buying houses and cars with the profits they have made and have no time to post messages.
I agree about the potential of a buyback at $140 or lower. I didn't see how it could not be beneficial to all the shareholders. I sold maybe 10 % of my NWLI between $190 and $200 and had very good profits. Nevertheless, NWLI is still my largest position and my most successful one by far. I sure am wondering how high it can go. It is still only selling at about 55% of book value, so I will probably hold on hoping to see $250 to $300. I am surprised at how inactive many of the Yahoo message boards are, including this one. I thought the increasing price would attract more people posting messages.
Glad to see that you recognize that Cramer is an idiot. Now if you could convince the rest of the investors of this fact, you would do a great service to humanity. I don't understand why CNBC tolerates him. I guess they just have a lot of time to fill and think they need an idiotic loudmouth to do it.