Tax Loss Selling, Three (More) Oversold Stocks

Dec. 19, 2024 5:55 AM ETIAC, MGM, UNH2 Comments
Weighing Machine
3.31K Followers
(5min)

Summary

  • UnitedHealth Group shares have dropped over 20% due to public backlash and political rhetoric; current valuation suggests 17-30% upside potential.
  • IAC remains undervalued in a SOTP framework, with MGM Resorts presenting significant upside due to its clean balance sheet and undervalued core US gaming business.
  • MGM's US gaming business is undervalued at ~9x free cash flow; fair value suggests 25-43% upside when considering its Chinese business stake.
  • Tax loss selling season offers an exciting opportunity for enterprising investors; I've taken positions in the highlighted companies for potential gains.

France, Nantes, summer sales, 2014.

Jacques LOIC

Following up on my recent tax loss selling opportunity piece, today, I present 3 more stocks I believe have been unduly punished by Mr. Market. Relative to my last piece, I would note that these are lower conviction ideas (read: smaller, in some cases

This article was written by

3.31K Followers
Former global buyside analyst/PM doing fundamental research for over a decade (2001-2012). Long term (5 year) time horizon when investing.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of UNH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Author is also long IAC, MGM, CZR

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Related Stocks

SymbolLast Price% Chg
IAC--
IAC Inc.
MGM--
MGM Resorts International
UNH--
UnitedHealth Group Incorporated

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