NWLIA is of interest to me, but probably not to anyone else here.
It's a life insurance co. Growing rapidly at maybe 3% per yr -g-. A very small co. A me-too player, although it does have some representation in South American market. I don't know how the new tax law will affect their annuity/tax deferral instruments. (Probably not positively)
PSR below .9, pe = 7, no dividend. Sells for 88.5.
BV is 106 (and Yahoo is wrong again). Attraction is that price seems to track BV. BV growth has gone from $35 to 54 to 69 to 79 to 89 to 101 last year. Price to Book has ranged from .4 to .9 with most years being .8 to .9. Selling at .8 now, it's not a bargain compared to past years.
Still, if this apparently conservatively-run company can continue to muddle on, the low pe and increasing BV provides a margin of safety - to anyone who has patience to hold for a few years. I probably will buy a few shares although I won't be happy about it. I figure I'll have to earn my profits on this one - a fight of patience and fortitude - and again a test of the factors of shame, dead-money, and boredom that we value investors (well, me anyway)have to deal with. A test I often lose, especially with these fungible, intangible product companies.
Any comments welcome. Now's the time for NWLIA to get its moment in the spotlight before it returns to obscurity... |
