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Strategies & Market Trends : Dividend investing for retirement

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To: E_K_S who wrote (22328)5/29/2015 12:10:19 PM
From: E_K_S  Read Replies (1) of 34328
 
Security National Financial Corp. (SNFCA) - peeled off 20% of shares @ $6.45/share

My remaining shares have a low cost basis (@ $4.44/share) which I plan to hold for 18-24 months looking for $8.00/share or higher. You still get the 5% stock dividend every December. The company is financing & building some income property in Utah that should provide some steady FCF. This is still a small micro-cap ($84mln) so there is room to grow. Their three divisions (life insurance/ real estate, cemetery & mortgage) is diversified enough to provide different revenue streams.

Stock still selling below stated BV of $7.75/share.

EKS
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