BHF - Brighthouse Financial Is (Finally) A Buy
Introduction
In the past, I have written several articles critical of Brighthouse Financial (BHF), drawing attention to its poor earnings quality and misguided strategy. In my last article earlier this year, I expressed surprise at the stock going up on bad fourth-quarter results and recommended that investors sell the $50 strike calls with the stock at $47. Since then, the stock has lost more than 40% of its value in a market where financial stocks have been decimated. I do not believe the company’s fundamental value has changed much and now recommend (surprise!)