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Security National Financial Corp. Message Board

workallday997 6 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?

SNFCA
4.700.00(0.00%)Aug 29 3:58 PMEDT

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