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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (51275)	4/10/2013 11:33:08 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78618

Re - a Loews a 20% conglomerate discount is not all that much and pretty much within thr historical norm for Loews. I think their subs are not best in class, Highmount was certainly overpriced as purchased, Boardwalk messed up their expansion n 2007/2008 and had to be bailed out by Loews by purchasing units with a reduced dividend and CNA is below average for an insurer. OK, they are owner operators and rational capital allocators but that does not necessarily make the great operators in their respective business. Plus, they have been sitting on billion $ of cash during the great recession without finding anything to buy? C'mon, if they didn't find value in 2008 or 2009 I would not expect them making a great deal now either. I think I'd like to see a 30%+ conglomerate discount before purchasing the stock.