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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (70890)8/10/2022 1:44:20 PM
From: Spekulatius2 Recommendations

Recommended By
gizwick
misota

  Read Replies (1) of 78748
 
re JXN - I am gladly holding. This is one volatile stock with volatile earnings. Of course they didn’t quite make $32 in earnings last quarter, which would be something for a $28 (now $32) stock. The operating earnings were ~$2.5/ share. Supposedly they are making ~$16/share in earnings, but only about $6 are going to be cash going to the holding company, which is the stuff you can eat as a shareholder (it’s used for the dividend and share purchases). I get an owner yield of ~20% at current t prices, which is hard to beat and even E&P can’t beat it.

They are a voracious buyer of their own shares as they are down from ~96M ( from spin date in fall 2021) to 84.5M shares now. Hope this continues and they keep raising the dividend too.

Follow, I follow the MS analyst (Nigel Dally) via E*Trade and he hates this stock. To paraphrase him, he stated “quarter not as bad as feared” and set the price target from $42 to $40 to $33 to $31 now. I don’t care, it’s buy in my book.
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