L - Loews: How Buybacks Can Create Wealth
Thesis
I believe investing in Loews to be a low-risk way to achieve an average return. Multiple divisions of Loews have been negatively affected by the COVID19 pandemic, which presents a positive forward-looking earnings picture. Meanwhile, as cashflow and earnings improve, I expect Loews to opportunistically repurchase shares. The combination of these two factors should boost the share price.
Background
Loews Corporation (L) is a family-run conglomerate, with a history dating back to an initial purchase of a resort hotel in 1946. After decades of savvy leadership from founder Laurence Tisch, and countless