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Security National Financial Corp. Message Board

workallday997 908 posts  |  Last Activity: Aug 29, 2014 4:32 PM Member since: Jan 31, 2010
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  • Reply to

    Dead Board

    by unclebobbyrednecker Jul 21, 2014 11:19 AM
    workallday997 workallday997 Aug 29, 2014 4:32 PM Flag

    Uncle Bobby,

    First this stock is hard to trade, Scottrade won't even allow me to puchase shares online as apparently it does not show up with a bid or ask. I have not tried yet with my thinkorswim account. Second, at .10 the shares are priced as if bankruptcy was already announced. Based on the July press release, it appears that Gad is trying to restructure all of the legacy debt without having to file bankruptcy in order to preserve the equity value, but we don't know the details. Third, I thought at some point that I saw a reverse split was approved? I can't recall for sure. SED was a very strong business decades ago when margins were much higher and there was less competition. Gad will have to run a leaner ship and more of a niche business for the turnaround. Profitability is key, I'm not so concerned with revenues. I don't have any shares ,but I am seriously considering. If we can get some audited quarterly's, avoid BK, and show some solid progress in the turnaround, this could be a 10 bagger.

  • workallday997 by workallday997 Aug 27, 2014 8:39 PM Flag

    50% haircut because of smaller "profits", when the company is making ways into mobile platforms and have other possible initiatives. Company will still be very profitable and will just have to adjust. almost a 50% haircut does not seem right. Chart looks to be bottoming as well.

  • Reply to

    Dead Board

    by unclebobbyrednecker Jul 21, 2014 11:19 AM
    workallday997 workallday997 Aug 27, 2014 8:08 PM Flag

    Uncle Bobby, haven't peaked in for a while. See SEDN is trading at .10 a share, I notice in the last press release that "restructuring" is mentioned. The company has not declared bankruptcy right? Doesn't Gad have a lot of shares and took over as an activist, or am I misunderstanding? I would imagine he would like to try and keep value in the equity, so if he is able to turn the corner here and make the company a lean profitable niche provider, isn't there possibility of huge gains from this price?

  • workallday997 by workallday997 Jun 2, 2014 9:04 PM Flag

    Is this stock still a good value in the mid $8's...how much longer until we see $12s?

  • I thought we were supposed to know if NSR got the contract in May. Now we are in June...when will we hear? I want to buy some calls for upside.

  • Reply to

    Filing

    by dsouth7777 Dec 26, 2013 4:54 PM
    workallday997 workallday997 Jan 21, 2014 12:27 AM Flag

    I haven't been in GFED for quite some time, but I am revisiting now. Reinstating the dividend would do wonders and bring in more investors. If they float $23million worth of stock, thats another 2 million added to the outstanding shares. Sure it would help liquidity, but what would it do to EPS? If I can snag any under $10 I probably would.

    Anyone here find any gems lately?

  • Reply to

    Now that's a nice close

    by o08o.ugh64w Jun 28, 2013 4:19 PM
    workallday997 workallday997 Jun 29, 2013 8:56 PM Flag

    It won't hold the levels of the close initially, but this is a $2+ stock, just need patience.

  • Reply to

    13D filed by Eberwein

    by o08o.ugh64w Jun 11, 2013 2:28 PM
    workallday997 workallday997 Jun 12, 2013 11:24 PM Flag

    I hope it stays in the $1.30's for this week, it was starting to look bad on that high volume day with the fake $1.26 close and it hitting a low of $1.20.

    If it can base here in the $1.30's then hopefully we can get some momentum, it's done well on some of these major down days.

  • Reply to

    Big bid

    by o08o.ugh64w Jun 7, 2013 9:46 AM
    workallday997 workallday997 Jun 8, 2013 9:02 PM Flag

    Yeah that close was BS, hope they gap it into the $1.30's again...

  • workallday997 workallday997 Jun 6, 2013 9:49 AM Flag

    Thanks for your input, we have a very similar investment style. I don't usually invest in biotech or pharma, but SUPN options had hardly any premium built in when I got them, and I'm up significantly already.

    I bought a ton of regional banks back in the day and made some good money, I had a SIGNFICANT amount of money in GFED for a long time, with my buys initially in the $4's but got out too early. I really like regional small banks, but many of them are now priced correctly.

    UVE is definitely interesting, I think it can get to $9-$10

  • workallday997 workallday997 Jun 6, 2013 8:50 AM Flag

    Some reverse splits work out, most do not. I may invest in PESI again, first just need to see how much time they have before they would need a R/S to stay listed if it stays under $1.

    Regarding what I'm invested in...I just got out of CLFD at $10.30 the other day from $7.75. My current holdings are NTS and SUPN Dec $4 and Dec $6 calls.

    I am looking very hard into placing a large chunk of money in UVE, but first need to understand more about whether management is looking to expand to increase earnings, but overall it looks like a good company with a 4.6% annual dividend at this share price.

    Do you have any recommendations or things you're looking at?

  • workallday997 workallday997 Jun 6, 2013 12:18 AM Flag

    Problem with PESI is if they cant get it over $1 eventually they will have to do a R/S and a R/S never ends up good for the shareholder

  • workallday997 workallday997 Jun 5, 2013 9:29 PM Flag

    Bailed on PESI a while back, they just can't come through with any bigger contracts it seems, I hope that changes, I have it on watch, but not in it. I like LOGI like you, but concerned its dead money for the next year in a half before it has some good upside.

    Regarding NTS, it could be acquired, but not likely anytime soon. As long as eberwein and his group are involved NTS should do very well

  • Seems the selling pressure is off, but still relatively little price movement with a good amount of volume for this stock. Good news is volume continues, not too long ago it traded very little per day. Still shouldn't be long until we are in the high $1's. Lot's of value here, just have to look harder.

  • workallday997 workallday997 Jun 5, 2013 1:31 PM Flag

    Those 2 factors are good, but they alone aren't whats important. The key is how much market share they are gaining and if they premiums are going up, but at the same time keeping costs down. Basically the question is fundamentally what has changed in their business to justify this increase in share price? Everyone here keeps yelling $10 share price ahead, but based on what? Has management outlined their growth plan? This is a very tempting stock, just not sure if this level is safe here or not, and trying to get some feedback first.

  • workallday997 workallday997 Jun 4, 2013 10:19 PM Flag

    Good news that selling pressure should be gone, but another large volume day with not a lot of movement. Eberwein keeps buying...

  • Stock looks like share price is near historical highs, for years its been lower, what's the difference between UVE of today and the past? It's always been in the industry so what changes have made share price go up? Can it sustain and go higher, or will a market turnaround hurt them? What are the 2013 and 2014 EPS estimates?

  • workallday997 by workallday997 May 16, 2013 11:53 AM Flag

    So if I'm reading correctly, TARP is now gone, and no more TARP payments? Should help earnings..still look mispriced by about at least 30%, may take a position here...as things starting to look stabilized at GFED and management seems to be following up on promises.

    Sentiment: Strong Buy

  • Reply to

    Just bought more at $6.65 today,

    by dalton880 Apr 22, 2013 2:34 PM
    workallday997 workallday997 Apr 22, 2013 11:32 PM Flag

    Dalton, it's not that hard to figure out.....the market clearly is showing that they are non-believers in the continued success of the mortgage division. Apparently, correct me if I'm wrong, the mortgage division is making these kind of profits on a huge jump in re-fi's and great spread. I've been told that the spread should be getting smaller and the re-fi boom will not last. The question I have asked, which I still do not have an answer for is what creates the huge discrepancy between the 2011 mortgage division and the 2012? I have yet to figure this out or get in an in depth answer as to how their business plan changed in that division. In 2011, the division was unprofitable. Who is to say that cannot happen again? If the mortgage division is out of the mix or barely makes money, then you have earnings closer to .30-.45 EPS for the year. Not sure that would justify more than a 15 P/E for a $4.50-$7.50sh price range.

    For the record, I currently own no shares, and I am more bullish on this stock than anything. I think it should have good earnings this quarter and will probably buy some soon, but I can understand why this stock has been so volatile. Because no one seems to know what the mortgage side will provide in a "stabilized" environment.

  • Reply to

    Has PESI bid on the Hanford clean up?

    by djhmk2 Apr 3, 2013 12:04 PM
    workallday997 workallday997 Apr 16, 2013 1:51 PM Flag

    That's the real question, it takes time to fill out and bid for government contracts and margins are not always the greatest. The key is have they bid? It's all useless talk otherwise.