SuperiorInvestor Blog » Stock Prices

National Western Life Insurance Stock Hammered

Darren — Thu, 09 Oct 2008 16:42:53 +0000

National Western Life Insurance (NasdaqGS: NWLI) is currently trading down nearly 25% for the day. The company reported earnings on October 7th. Apparently, investors didn’t like what they say and have now shaved $61 off the price of stock.

National Western Life Insurance Company (National Western) is a stock life insurance company that does business in 49 states and the District of Columbia.

The stock for this company is now trading as one of today’s most actives, with investors (maybe a few big ones) heading to the exits.

The company’s numbers don’t look all that bad. They just reported earning $18,142,000 for the last quarter, so sentiment just might be related to the “financial crisis” gripping the interest of so many right now.

GM Stock Crashes

Darren — Mon, 30 Jun 2008 17:36:29 +0000

GM stock hits a 30 year low, driving the company’s total market cap to around $6.5 billion. Toyota’s (NYSE:TM) market cap is now 25 times as much GM’s market cap, indicating people just aren’t seeing a great future for GM. GM still produces more cars than everyone else, but investors aren’t excited at their stock’s prospects.

Adding to the sell pressure today for GM is a downgrade by Goldman Sachs (NYSE:GS). Remarkably enough, GM’s new market cap is less than the company’s market cap was in the 1950s, before current CEO Rick Wagonner was born. Not many CEOs can say that, especially employed ones.

Worse yet, GM stock this year is down an abysmal 54%. Few companies around are experiencing the type of disintegration that General Motors is in 2008.