L - Loews: An Update For 2024 Still Hold

2024-04-09 03:49:38 ET

Summary

• Loews has performed well but has underperformed the S&P 500 and my portfolio.
• I do not view Loews as an attractive investment due to its low yield and subpar returns.
• I believe that Loews is overvalued and recommends a "HOLD" stance until the stock price drops below $50/share. I currently do not view this as a good entry.

Dear readers/followers,

One of my firmest rules in investing is to not let irrational exuberance and overvaluation dictate my price targets and investment mandates (to myself, for my portfolio). This can sometimes be a hard rule to follow, especially when companies start climbing seemingly with no end in sight....

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