!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good news.
Message from Ron Paul: "I am doing fine. Thank you for your concern." pic.twitter.com/aALmLn8xIj
— Ron Paul (@RonPaul) September 25, 2020
Prayers for Dr. Ron Paul.
Ind win Jets lose
Tenn win Jax lose
Trading at 1/2 what it is worth. Been in a technical pullback for a month and finally moving in the right direction. Imo
Buffalo win Cle lose
Only as a psychological self fulfilling prophecy.
The more likely answer is it found support in the same place it did in the last pullback. Hit 8.40 a few days later.
Here is a fib calc.
https://www.investing.com/tools/fibonacci-calculator
I think current price represents 1/2 book value and p/e under 3 of trailing figures 9 months from now but have been wrong so far so I might be missing something.
elderly abuse
The toughest job in the world. pic.twitter.com/gYMlXyyiaD
— Caleb Hull (@CalebJHull) August 31, 2020
My last one: https://t.co/nRxZxlXJjP
— Caleb Hull (@CalebJHull) August 31, 2020
o/t agreed. Idaho, Arizona, Colorado, Utah, Texas and others are absorbing California refugees that will feast on locals like ticks until there is no place left to escape. Combine that with an open border policy and the descent will be rapid.
Congrats. Clearly, I am wrong. This is shaping up to be one expensive dividend for me. November is faaar away!
You seem to forget they made .39 last q despite a "decrease" in revs and being shutdown for part of that q. The cost cutting measures are the story here. Imo
Vote Dem so you too can wake up one day and stand in line to get a UHAUL and play the "Escape from New York" game.
The exodus of New York. Big lines this morning at UHAUL. CATASTROPHIC setbacks in quality of life —-people have had enough. pic.twitter.com/5StqXtKWQO
— Greg Kelly (@gregkellyusa) August 29, 2020
Joe will not debate Trump. He is waiting for the surrogates and propagandists to make the case before he joins them in the talking points. The trial balloon has already been floated.
Huge anti corona lockdown protest in Germany. Wait until the pandemic is over and Swedish stats are compared to the rest of the world.
I haven't had a vaccine of any kind since I left the military 30 years ago and that won't change.
More laughs
Someone buy that guy a beer 🍺 https://t.co/IG9wosVpB1
— Karli Bonne’ 🇺🇸 (@KarluskaP) August 29, 2020
More good news for basement Joe. Apparently the Dem election strategy is to make sure their candidate never has to answer a tough question while the "free media" continues their 24 hour a day propaganda program. Throw in some intimidation from the radical communists allowed to roam with impunity while de-platforming anyone on social media who doesn't toe the line.
Just for fun.
When I look at BGFV trading history during .70 and .77 eps results for the year and try to determine what the book value and other metrics are going to be going forward, I see much more upside. This isn't simply a covid play in my eyes. The cost cutting measures implemented is much more important. I suspect they will only have one q of over $1 eps but they will be crushing comps for the next 9 months while piling stacks of cash as long as they stick with the cost cutting measures. We will see where it is trading when trailing e.p.s. is over $2 and book value is in double digits IMO.
Nice trading. Considered doing the same but figured if I tried to get cute it would run away from me. I think I will just hold for double digits and collect divs along the way.
BGFV - Short term I think the current action is technical in nature with it simply taking a breather after a big move up before it makes the next series of advances.
Long term - as long as they don't reverse the cost cutting measures implemented, I don't see how it doesn't trade significantly higher in the future.
BGFV - It has found support in this range twice in recent days before the 20 day was acting as additional support so maybe it bounces from here.
Also who would sell a week before div cut-off date?
With that said it hasn't moved the way I thought it would so far so I guess I will grab more if it drops back into the 5's.
I guess I should have waited
BGFV - Low volume sell off today. Added more.
Maybe the looming dividend cut-off date is enough to create enough buying and short covering to propel us to new highs.
I also tossed it prior to this move. I bought it to take advantage of seasonally strong q but the virus ruined that idea.
Runs when you think it should tank and vice-versa.
SNFCA I bought some. Thanks Kik
Three Months Ended June 30, 2020 Compared to Three Months Ended June 30, 2019
Total revenues increased by $50,216,000, or 73.4%, to $118,662,000 for the three months ended June 30, 2020, from $68,445,000 for the comparable period in 2019. Contributing to this increase in total revenues was a $40,422,000 increase in mortgage fee income, a $3,279,000 increase in insurance premiums and other considerations, a $3,264,000 increase in gains on investments and other assets, a $2,422,000 increase in net investment income, a $700,000 increase in net mortuary and cemetery sales, and a $129,000 increase in other revenues.
Insurance premiums and other considerations increased by $3,280,000, or 16.7%, to $22,925,000 for the three months ended June 30, 2020, from $19,645,000 for the comparable period in 2019. This increase was primarily due to $2,880,000 from the acquisition of Kilpatrick Life in December 2019. See Note 15 to the condensed consolidated financial statements. This increase was also due to an increase in renewal premiums due to the growth of the Company in recent years, particularly in whole life products, which resulted in more premium paying business in force.
57
Net investment income increased by $2,422,000, or 23.0%, to $12,963,000 for the three months ended June 30, 2020, from $10,541,000 for the comparable period in 2019. This increase was primarily attributable to a $1,056,000 increase in mortgage loan interest ($486,000 due to the acquisition of Kilpatrick Life), a $691,000 increase in rental income from real estate held for investment, a $614,000 increase in fixed maturity securities income ($609,000 due to the acquisition of Kilpatrick Life), a $477,000 increase in insurance assignment income, a $151,000 increase in policy loan income ($133,000 due to the acquisition of Kilpatrick Life), and a $36,000 increase in equity securities income. This increase was partially offset by a $443,000 decrease in interest on cash and cash equivalents, a $108,000 increase in investment expenses, and a $52,000 decrease in other investment income.
Net mortuary and cemetery sales increased by $700,000, or 17.5%, to $4,701,000 for the three months ended June 30, 2020, from $4,001,000 for the comparable period in 2019. This increase was primarily due to a $468,000 increase in cemetery pre-need sales, a $140,000 increase in cemetery at-need sales, and a $92,000 increase in mortuary at-need sales.
Gains on investments and other assets increased by $3,264,000, or 318.2%, to gains of $2,238,000 for the three months ended June 30, 2020, from losses of $1,026,000 for the comparable period in 2019. This increase in gains on investments and other assets was primarily due a $1,682,000 increase in gains on other assets mostly attributable to increases in the fair value of call and put option derivatives and a decrease in impairment losses on commercial real estate. This increase in gains on investments and other assets was also due to a $1,633,000 increase in gains on equity securities ($303,000 due to the acquisition of Kilpatrick Life) mostly attributable to increases in the fair value of these equity securities. Due to the adoption of Accounting Standards Update (“ASU”) 2016-01 on January 1, 2019, these changes in fair value are recognized in earnings instead of other comprehensive income. This decrease in gains on investments and other assets was partially offset by a $51,000 decrease in gains on fixed maturity securities.
Mortgage fee income increased by $40,422,000, or 122.7%, to $73,368,000, for the three months ended June 30, 2020, from $32,946,000 for the comparable period in 2019. This increase was primarily due to a $28,222,000 increase in secondary gains from loans sold to third-party investors, a $7,512,000 increase in loan fees and interest income, and a $6,060,000 increase in the fair value of loans held for sale and loan commitments. This increase in mortgage fee income was partially offset by a $1,372,000 increase in the provision for loan loss reserve.
Other revenues increased by $129,000, or 5.5%, to $2,467,000 for the three months ended June 30, 2020, from $2,338,000 for the comparable period in 2019. This increase was primarily attributable to a increase in servicing fee revenue.
Total benefits and expenses were $91,468,000, or 77.1% of total revenues, for the three months ended June 30, 2020, as compared to $63,821,000, or 93.2% of total revenues, for the comparable period in 2019.
Death benefits, surrenders and other policy benefits, and future policy benefits increased by an aggregate of $5,340,000 or 34.0%, to $21,029,000 for the three months ended June 30, 2020, from $15,689,000 for the comparable period in 2019. This increase was primarily the result of a $4,338,000 increase in death benefits ($2,305,000 due to the acquisition of Kilpatrick Life and $1,150,000 for COVID-19 related deaths), a $928,000 increase in future policy benefits ($1,000,000 due to the acquisition of Kilpatrick Life) and a $74,000 increase in surrender and other policy benefits ($284,000 due to the acquisition of Kilpatrick Life).
Amortization of deferred policy and pre-need acquisition costs and value of business acquired decreased by $47,000, or 1.5%, to $3,027,000 for the three months ended June 30, 2020, from $3,074,000 for the comparable period in 2019.
Selling, general and administrative expenses increased by $22,285,000, or 52.3%, to $64,871,000 for the three months ended June 30, 2020, from $42,586,000 for the comparable period in 2019. This increase was primarily the result of a $13,385,000 increase in commissions, a $4,839,000 increase in personnel expenses, a $3,149,000 increase in other expenses, a $820,000 increase in costs related to funding mortgage loans, a $95,000 increase in depreciation on property and equipment, and a $58,000 increase in advertising expenses. This increase was partially offset by a $61,000 decrease in rent and rent related expenses. Most of these increases are attributable to the mortgage segment due to the increase in mortgage loan originations and refinancings, most notably $12,954,000 in commissions,
58
$3,099,000 in personnel expenses, and $3,04,000 in other expenses. Also, these increases are attributable to the acquisition of Kilpatrick Life, most notably $484,000 in personnel expenses, $398,000 in other expenses, and $371,000 in commissions.
Interest expense increased by $99,000, or 5.5%, to $1,881,000 for the three months ended June 30, 2020, from $1,782,000 for the comparable period in 2019. This increase was primarily due to an increase in interest expense on mortgage warehouse lines for loans held for sale.
Cost of goods and services sold-mortuaries and cemeteries decreased by $30,000, or 4.4%, to $660,000 for the three months ended June 30, 2020, from $690,000 for the comparable period in 2019. This decrease was primarily due to a $32,000 decrease in cemetery pre-need sales and a $31,000 decrease in mortuary at-need sales. This decrease was partially offset by a $33,000 increase in cemetery at-need sales.
Nice call.
BGFV added at 6.30 and 6.25. This pullback may be over but will continue to add if not.
I think that is about 11% of the float. Significant.
BGFV -Been buying back over the last couple of days. Shorts will not want to pay that dividend I.M.O.
S.A. article out. Author has a large following.
https://seekingalpha.com/article/4367888-pacific-ethanol-major-producer-of-high-quality-alcohol-think-sanitizers-and-disinfectants
Heavy debt, potential vaccine, profit taking would be my guess. It sounds like the next q will be even better. Going to pick my spots and add more as we move forward.
Doubled down at 4.08 This was trading below .25 a few months ago. Anyone in from then?
I grabbed some at 4.24
It seems like a no-brainer to me. Will see how it works out. Maybe a chance to accumulate a large position cheap before next earnings.
A few things I remember
They will put out a pr this week about 4 investor conferences before the end of the year.
Going to start interviewing outside IR firms for increased awareness.
Two new products selling really well. Don't remember those details.
Their largest retail partner (which I think is Dicks) sold record units last week.
There was something about a development with a large automotive retailer but can't remember the details.
International sales will be way higher than last q due shutdown over the virus.
Civil unrest leading to huge worldwide demand and was growing even before that.
Sounded as if the backlog was so strong that at least the next 2 q's shld be strong plus they are still pouring in.
Backlog is heavy and orders continues to come in heavy.
Had to add another shift to try to keep up.
http://corp.mace.com/investor-relations/shareholder-transcripts-presentations/
Nice job on BGFV article.
I listened to MACE cc. I am happy about todays buying opp and welcome more of the same.