Uncle Warren Archives - Market Mad House

daniel August 16, 2016 American Equity Investments (NYSE: AEL), An Insurance Company with No Float, Berkshire Hathaway (NYSE: BRK.B), shrinking of the middle class, supplemental health insurance, Torchmark Corporation (NYSE: TMK), Torchmark stinks, Uncle Warren, Warren Buffett, Why Isn’t Torchmark Generating any Cash?, Why Torchmark’s Business is Shrinking

Uncle Warren Picks a Dud Torchmark Corporation

A big reason why Torchmark stinks is that it’s overpriced. This is a company that reported revenues of $3.679 billion and a net income of $540.8 million on June 30, 2016 yet it was trading at $62.04 a share on August 16, 2016. Okay to be fair one of the companies ycharts listed as its direct competitor American Equity Investments (NYSE: AEL) reported a net income of $100.95 million on the same day.