SNFCA
A Diversified Financial with a bit of the death business in it.
I've been purchasing a little here and there in the mid to upper 4.40's. Here is what I like.
1) Earnings of .21 last quarter was a thing of beauty. I expect better result going foward based on comments in the pr with comps getting easier.
2) Trade way and I do mean way under book value, as book value is well over $7 from a tangible perspective.
3) Life Insurance and Cemetery Businesses are firing on all cylinders. Very boring but dependable businesses.
4) SNFCA has gain extensive market share according to them in the mortgage business, and I have to believe these lower rates we are experinacing might be sparking a little activity with and easier comp, won't be surprised to see a .20-.30 quarter next quarter, which could get the stock back in the $6-8 range in my opinion.
Conclusion: I think SNFCA is a very good risk/reward here, stock hasn't moved that much on those brilliant earnings, and I think there is a good chance next quarter they may even post better numbers in my opinion. All is just my opinion, and I could always be wrong though.
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