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Investors Title Co. Message Board

pmlljl 5 posts  |  Last Activity: Nov 6, 2014 2:53 PM Member since: Jan 9, 2001
  • 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.

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