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Re: Knowledge is King post# 88219

Monday, 06/21/2021 11:15:24 AM

Monday, June 21, 2021 11:15:24 AM

Post# of 111931
SNFCA

From a Technical Perspective:

The chart is obviously not great here, it broke $8 which was major support. RSI is about 38 so not oversold either. I personally wouldn't be surprised if this stock at minimum tests $7.50, and could go as low as $6.50. But I doubt that. If I wanted to add here I would set my Buying for a little over $7.50, and If It falls there I would add More at $7 and finally add more in the low 6.50 if I liked the stock and was hunting a entry point.

From a Fundamental Perspective:

The stock is obviously cheap, trades at a discount to book. Earned .61 in q1. Now the mortgage business I think probably will fade a little in 2021, although I do expect it to stay profitable if rates stay down here. Although competitive from big Players forecast possible shrinking margins in the sector, and that is not a positive.

The life insurance and cemeteries business is strong, and I expect that to continue. Now here is the negative, this is and has always been a low pe stock, and quite frankly I don't think that is gonna change. I believe the life insurance business will be rock solid this year, but mortgages probably seen the best quarter in q1, at least that is my opinion anyways as competition heats up I'm worried about margins there. I really don't know how much the mortage sector is gonna earn, but I'm gonna go with half of what they did going foward, but I could be waaaaaaaaaaaay wrong here. Don't think Anyone would get hurt buying in the $6.50-7.00 range, in fact probably could make some as either a trade or and investment, right now I couldn't bring myself to sell it under 8, and a buy shouldn't even be thought about on a technical basis until we get closer to $7.50, and more aggressive buying could possibly be done at $6.50-7.00 if you believe you have a better idea of how the business is gonna do in the long run than I do in a positive manner, because I'm quite uncertain, than aggressive buying should happen in the 6.50-7.00 range. I however am not sold personally on the fundies, because I don't know about sustainability in the long run. Time will tell, but I will watch for the sidelines, me personally might consider it for a trade in the $6.50-7.00 range, but that's it, until my view of what the fundies will look like in the future are more clear. All is just my opinion, and I could always be wrong though.

---All above is just my humble opinion.
And I could always be wrong.
And as always do your own DD.---
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