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National Western Life Insurance Company Message Board

pmlljl 11 posts  |  Last Activity: Nov 6, 2014 2:53 PM Member since: Jan 9, 2001
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  • Reply to

    SEC

    by chiefned Nov 3, 2014 9:42 AM
    pmlljl pmlljl Nov 6, 2014 2:53 PM Flag

    chiefned:

    I repeat myself, Genworth is a TERRIBLE company and they just released a quarterly report to prove it. They reported an operating loss and a big loss from impairment of goodwill. Well, I refuse to buy stock in companies that report having a lot of "accounting goodwill because it frequently just means that the company paid TOO MUCH when they made a bad acquisition. If you would be so kind as to look at NWLI's balance sheet you will find exactly ZERO amount of intangible assets. This is one reason why I own NWLI and not Genworth. Now you should understand why NWLI is going up and Genworth and Amazon are going down. Investing is about owning consistently profitable companies. If you think I am beating you up for your analysis about this situation, you are correct.

  • Reply to

    SEC

    by chiefned Nov 3, 2014 9:42 AM
    pmlljl pmlljl Nov 4, 2014 2:19 PM Flag

    chiefned:

    First, Genworth is a terrible company. It has never been very successful.

    Secondly, investing is about trying to make money by buying stock in companies that make money. Amazon this year will have a net loss and NWLI will make close to $30 per share. Which one would a rational investor buy? Why would any sane person pay $300+ for Amazon and have a company that loses money when he could buy NWLI at $270 and make almost $30. The fact is that the market is finally coming to its senses. Be my guest and buy Amazon because I will probably short it again and I would be very happy to take some of your money.

  • Reply to

    SEC

    by chiefned Nov 3, 2014 9:42 AM
    pmlljl pmlljl Nov 3, 2014 6:39 PM Flag

    chiefned:

    I disagree. The most unusual thing about NWLI's pricing was that it got down to $125 in 2012. Even at its current price it is only about 2/3 of book value. Some stocks sell at many times book value. Look at Amazon, it sells at 15 times book value and it doesn't even make any money. I shorted Amazon to hedge my long position in NWLI and it worked out very profitably. I covered my short in Amazon after the most recent terrible quarterly report by Amazon and now I am enjoying the rally in NWLI. Look out book value, here we come.

  • I received Amazon's first drone delivery. Jeff Bezos hyped the drone thing that delivered big profits to my short sales of AMZN. Thanks Jeff, you da man!

  • Reply to

    Buy

    by chiefned Oct 15, 2014 1:17 PM
    pmlljl pmlljl Oct 16, 2014 2:16 PM Flag

    chiefned:

    I bot 100 shares not long ago at $239 and the same day I placed a gtc sell order at $245 which got executed yesterday. Today I placed another buy order. I am doing this in an IRA so short term gain is not currently taxable. I wonder if this will continue to work.

  • Reply to

    Biglari Holdings Co-Owns A Few Jets

    by smaycs4 Sep 17, 2014 10:21 PM
    pmlljl pmlljl Sep 18, 2014 2:06 PM Flag

    Well, what did you expect. Big has to travel in the style of an important CEO. You wouldn't want him slumming on a commercial jet.

  • pmlljl pmlljl Sep 16, 2014 12:55 PM Flag

    He spends 20 hours per day thinking of even more ways to take advantage of his minority shareholders.

  • pmlljl pmlljl Aug 26, 2014 1:42 PM Flag

    smaycs4:

    I don't think Eddie Lampert has covered himself with glory with his management of Sears and Kmart.

  • 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.

  • 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.

NWLI
261.53-6.63(-2.47%)Dec 19 4:00 PMEST

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