Loews: How Buybacks Can Create Wealth [Seeking Alpha]
Loews Corporation (L)
Last loews corporation earnings: 2/10 06:00 am
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US:NYSE Investor Relations:
ir.loews.com
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Source: Seeking Alpha
SummaryLoews' valuation is too cheap across multiple valuation metrics.Management's commitment to share buybacks will drive shareholder value in the longterm.Eliminating Diamond Offshore Drilling as a subsidiary will be accretive to earnings on a go forward basis.Strong operating results at CNA Financial should offer shares a strong level of support.ThesisI believe investing in Loews to be a low-risk way to achieve an average return. Multiple divisions of Loews have been negatively affected by the COVID19 pandemic, which presents a positive forward-looking earnings picture. Meanwhile, as cashflow and earnings improve, I expect Loews to opportunistically repurchase shares. The combination of these two factors should boost the share price.BackgroundLoews Corporation (following subsidiariesCNA Financial (Loews Hotels - The company operates Loews branded hotels and owns stakes in partner-branded hotels. Currently, Loews owns stakes in 26 hotels with plans to open five more once conditions
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News
- Mindful Consumption Gets A Bespoke Feel With New Loews ‘Free Spirited' Program [Forbes]Forbes
- Loews Corporation to Release First Quarter 2024 Results on May 6, 2024PR Newswire
- RUCKUS Networks Launches AI-Driven Solutions for Hospitality [Yahoo! Finance]Yahoo! Finance
- NYC power lunch makes comeback as more workers return to office [Yahoo! Finance]Yahoo! Finance
- Loews Hotels & Co Launches "Free Spirited" Programming [Yahoo! Finance]Yahoo! Finance
L
Sec Filings
- 4/23/24 - Form 8-K
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- L's page on the SEC website