Author Topic: BHF - Brighthouse Financial  (Read 6280 times)

Lakesider

  • Full Member
  • ***
  • Posts: 109
Re: BHF - Brighthouse Financial
« Reply #20 on: June 27, 2018, 01:42:34 PM »
Down to nearly $40. I've added a small amount to my position today.

Einhorn can't do anything right at the moment. listening to his rational when he opened the position it sounded like he was betting that the markets would do better than expected, Analysts focusing on the downside and ignoring the upside.

The market volatility should be good for VA sales, if yields keep trending upwards the expected ROE should increase. They are still in a transitional phase that so far seems to be going fine so far. I'm not losing sleep over my position yet, when they start to return capital the stock price might stabilise.





Foreign Tuffett

  • Sr. Member
  • ****
  • Posts: 476
Re: BHF - Brighthouse Financial
« Reply #21 on: June 28, 2018, 07:44:10 AM »
BHF is giving new life to the phrase "drop it like it's hot", as the market can't seem to sell it down fast enough.

Lakesider

  • Full Member
  • ***
  • Posts: 109
Re: BHF - Brighthouse Financial
« Reply #22 on: June 28, 2018, 02:10:33 PM »
I was way to eager to get into this at about $47, I defiantly accumulate my positions too quick and don't leave enough room to average down. I think i need to read read that section in margin of safety.

Bought a small bit at $40 

walkie518

  • Full Member
  • ***
  • Posts: 240
Re: BHF - Brighthouse Financial
« Reply #23 on: July 05, 2018, 10:23:27 AM »
I was way to eager to get into this at about $47, I defiantly accumulate my positions too quick and don't leave enough room to average down. I think i need to read read that section in margin of safety.

Bought a small bit at $40

If Metlife sold BHF only to avoid SIFI designation (as in there was no cherry-picking of assets to stay in or leave Met), the underlying value of the business will likely look like Met's and should trade at the same multiples

assuming the loans are good and there's nothing on the balance sheet to discount other than DAC, back-of-the-envelope, BHF could be trading with a $8B market cap

what I don't understand is why Met didn't find a better way to dump the assets at such a discount?

Lakesider

  • Full Member
  • ***
  • Posts: 109
Re: BHF - Brighthouse Financial
« Reply #24 on: August 06, 2018, 01:36:11 PM »
They have decided to start using some capital buying back stock. VA sales up 42%, reaffirmed full year guidance.

Looks cheap

Spekulatius

  • Hero Member
  • *****
  • Posts: 1761
Re: BHF - Brighthouse Financial
« Reply #25 on: August 07, 2018, 04:26:14 AM »
They have decided to start using some capital buying back stock. VA sales up 42%, reaffirmed full year guidance.

Looks cheap

It looks cheap, but book value keeps falling. The $200M  buyback is small, won’t make a difference.
To be a realist, one has to believe in miracles.

JRM

  • Full Member
  • ***
  • Posts: 144
Re: BHF - Brighthouse Financial
« Reply #26 on: August 10, 2018, 06:58:47 AM »
anybody else read through the comments on this article? https://seekingalpha.com/article/4196422-einhorn-wrong-brighthouse-financial

Spekulatius

  • Hero Member
  • *****
  • Posts: 1761
Re: BHF - Brighthouse Financial
« Reply #27 on: August 10, 2018, 07:18:21 AM »
anybody else read through the comments on this article? https://seekingalpha.com/article/4196422-einhorn-wrong-brighthouse-financial

Looks like David Einhorn or someone who claims to be Einhorn is posting.

I would be happy to see if he can explain why BHF is different than Delta Lloyd.
To be a realist, one has to believe in miracles.