Seeking Alpha

Jim Grant turns bullish on MetLife (MET), an outstanding, well-managed franchise currently...

Jim Grant turns bullish on MetLife (MET), an outstanding, well-managed franchise currently weighed down by nearly invisible interest rates. Company brass had the foresight to hedge against low rates in 2004 - a bet that's paid off with more than $500M - and unload Stuyvesant Town at the peak of the property boom. Trading at just 0.7X book and yielding 2.3%, a patient investor can wait out the Fed's ZIRP.
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "Jim Grant turns bullish on MetLife (MET), an outstanding, well-managed franchise currently weighed down by nearly invisible interest rates."

     

    You've got me signing up.

     

    Did Mr. Grant approve this copy?
    13 Nov 2012, 03:17 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector