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reddingrunner (92.97)

Four-bagger? Shmore-bagger!



December 19, 2012 – Comments (4) | RELATED TICKERS: SNFCA

Itsy bitsy teeny weeny company you never heard of.

I discovered it in mid-November.

It was up 500% for the year at that time.

Too late to jump in, right?

I jumped.

Real money.  Not just dabbling. 

Doubled since mid-November.  

Risky, but so far it's the most fun I've had with a stock.  Ever.

4 Comments – Post Your Own

#1) On December 19, 2012 at 1:10 PM, EnigmaDude (51.88) wrote:

Chart is a bit scary but I added this one to my watchlist as the numbers still look good. Thanks!

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#2) On December 20, 2012 at 10:34 AM, constructive (99.97) wrote:

Do you know why profit margins are so much higher than they've been the last 5 years, and whether that will last?

Also, 1.6x book is not particularly cheap for a small life insurer or mortgage lender. The average valuation is below that.

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#3) On December 20, 2012 at 11:05 AM, ArmchairTitan (41.44) wrote:

Interesting part about this to me is the cemetery component. Makes its diversification a bit unique - and timely!

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#4) On December 20, 2012 at 12:59 PM, reddingrunner (92.97) wrote:

I know very little about this company.  I allocate a small portion of my money to "lottery ticket picks", companies I don't understand but that have great numbers on key screens.  If they drop 25-30% I sell them.  If they don't do anything in 3-6 months I sell them.  Every once in awhile (often enough) I get a big winner, but never before like this.  Which is not to guarantee that it won't turn to dust tomorrow. But maybe...

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