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Alias Born | 05/03/2011 |
Friday, May 10, 2019 10:32:38 AM
This company has been a shit-show since the beginning. The Meyer clan were a interesting group - and not in a good way. When Rick Meyer "retired" i had renewed optimism.
Now that we have a new Chairman & CEO, which I am happy they split the role even though they appear to be friends. These guys have an energy about them that I can't help but like. The website (www.american-life.com) has been remade and doesn't look like a 1990's dial-up website. They shuffled up the board, added a new member and changed the business model.
The 10-K was a disaster - but we expected that with the news they had put out.
A lot will be revealed when the 10-Q (quarterly report) comes out next week. The new product, the MYGA (multi year guaranteed annuity) will have had 3-4 months of sales. I originally expected one to two million of sales for the quarter. I think I may have underestimated the sales. We could have sold much more than that, so I am revising my estimate. Ten million or more in sales. Anything less will be a disappointment.
Also in the 10-K the company stated they will be rolling out a new product this year as well. No info about what type it will be.
This is a highly risky company with a highly risky stock, but I am cautiously optimistic. The next few quarters will tell us if it has a chance or not.
Best wishes for a profitable future for this company!
Rule #1 is never lose money.
Rule #2 is never forget Rule #1.
My posts are my opinions only. Do you your own due diligence.
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