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Stock impact report

Loews: How Buybacks Can Create Wealth [Seeking Alpha]

Loews Corporation (L) 
Last loews corporation earnings: 2/10 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.loews.com
Company Research 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 Show less Read more
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