Chris O'Donnell
Value, medium-term horizon, dividend investing, macro

Loews Corp. - Asset Value And Subsidiary Success Mean 20% Upside

So far in 2014, as Treasury yields stay historically low and U.S growth stays only slightly optimistic, investors have chased stocks with outsized dividend yields for protection. This rotation from the high flying, mega-P/E growth names to more inexpensive stocks has led many companies without dividends to be punished severely. In some cases, this punishment wasn't warranted, which has created a mis-match between a company's stock price and its intrinsic value. In this case, Loews Corp. (NYSE:L), a company with huge insider ownership and a strong growth outlook, has lagged the broader averages by more than 10% due to an investment public that currently sees dividend protection as a more valuable quality than business catalysts or sound management....

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