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Author Topic: L - Loews  (Read 5246 times)

Liberty

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Re: L - Loews
« Reply #30 on: February 21, 2012, 07:31:38 PM »
Welcome to the board, thepupil!  :)
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Myth465

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Re: L - Loews
« Reply #31 on: February 21, 2012, 08:29:14 PM »
Quote from: Liberty on February 21, 2012, 07:31:38 PM
Welcome to the board, thepupil!  :)

Welcome.

Also I think someone is on to something. They didnt stop the buybacks for nothing, maybe a new coat of paint may be getting laid down. I hope its not in the energy space....
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augustabound

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Re: L - Loews
« Reply #32 on: February 22, 2012, 12:35:57 AM »
Quote from: thepupil on February 21, 2012, 06:58:18 PM
Loews is my 2nd largest position, behind BRK . I am not a full-time investor, am 23.....

I wish I was investing in businesses like BRK and L when I was 23.  :D
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alpha23

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Re: L - Loews
« Reply #33 on: March 13, 2012, 09:07:27 AM »
Interesting analysis of Loews here: http://www.rationalwalk.com/?p=12522 - the author shows that the stub is being valued at $600m, while tangible book for the stub is 6x that.
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dcollon

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Re: L - Loews
« Reply #34 on: March 13, 2012, 11:42:23 AM »
Thanks for posting the link alpha. 
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BargainValueHunter

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Re: L - Loews
« Reply #35 on: May 01, 2012, 05:05:11 PM »
Don't know if the author is a board member but this is an interesting analysis:

http://www.valueuncovered.com/special-situation-pitch-loews-stub

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nwoodman

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Re: L - Loews
« Reply #36 on: May 01, 2012, 06:10:52 PM »
Respectable quarter

Book Value + 3.4% QoQ to $48.96
Negligible buybacks again currently 397.44m  shares outstanding

CNA - rates increased in the order of 3-5%, purchased Hardy Underwriting for $227m
DO - two of the new drillships already contracted, the other two being marketed but rates are firm
Highmount - impairment charge likely to be in the order of $400m for YE 2012 due to low natural gas price

Holding company cash investments increase from $3.3bn to $3.7bn over the quarter

http://seekingalpha.com/article/543061-loews-ceo-discusses-q1-2012-results-earnings-call-transcript
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Myth465

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Re: L - Loews
« Reply #37 on: May 01, 2012, 07:22:17 PM »
Loews is still like watching paint dry. I would prefer they dont make additional natural gas acquisitions. They are looking at buying something soon, though. They are holding cash, and not buying back cheap stock. Something is in the works.
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ShahKhezri

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Re: L - Loews
« Reply #38 on: May 01, 2012, 07:26:32 PM »
I agree, reading the transcript, no blackout period.  Unfortunately, they are optimistic on nat gas long term and want to expand the hotel operations. 
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Myth465

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Re: L - Loews
« Reply #39 on: May 01, 2012, 08:31:02 PM »
Its crazy how much faster one can read a transcript vs. listening to a call. Loews is still an interesting company, I just wish they were hungrier. It will be interesting to see what they do with cash. I would prefer hotels vs. more gas.
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Re: L - Loews
« Reply #39 on: May 01, 2012, 08:31:02 PM »
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