InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
6,037.59
(
1.06%
)
US TECH 100
21,143.60
(
-0.26%
)
Dow Jones
43,325.80
(
0.07%
)
Brent Oil
72.86
(
-0.05%
)
Bitcoin
96,402.32
(
0.75%
)
Post# of 120018
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

mandjb

Send PM Follow Ignore
Followers 41
Posts 1475
Boards Moderated 0
Alias Born 12/29/2004

mandjb

Member Level

Re: None

Friday, 03/10/2023 1:01:36 PM

Friday, March 10, 2023 1:01:36 PM

Post# of 120018
SNFCA($6.57) Anyone think they'll get a bump in a few weeks?

They usually report right at the deadline.

Their mortgage biz has been suffering as expected but their life insurance and cemetery group are earning about .80/year.

They trade for about half of tangible book.

They should get a big gain of about $1.50 in Q4 by selling their MSRs.

Lastly, I would be remiss to not mention the sale of our Mortgage Servicing Rights (MSR’s) as disclosed in our 8K filing of November 2, 2022, and Press Release dated November 3,2022. The nominal value of that sale is approximately $90MM and our book value on the MSRs is approximately $57MM. That gain, less transaction related costs, will be recognized in the 4th Quarter.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

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.

Sign Up