Jim Kramer of CNBC said Wednesday that even if there is no analyst, Loos Corporation should keep an eye on stock investors.
“Loews Corporation may not get any love from the analyst community, but I think it’s a hidden gem that should work perfectly in an increasingly difficult market,” said the “Mad Money” host.
“Being able to fly under the radar means you have the opportunity to buy it at a price lower than its value,” he said.
Loews stock rose 0.09% on Wednesday to 63.36, still below its 52-week high of $ 66.00.
Kramer highlights the four subsidiaries of the corporation and what he likes about each.
- CNA Financial: “CNA Financial is the foundation of Loose – it’s like a cash machine that constantly throws out money,” he said.
- Boardwalk Pipeline: Kramer said the shortage of U.S. natural gas pipelines, including the location of the boardwalk pipeline in the vicinity of the Gulf Coast, is a huge advantage for Louis.
- Loews Hotel: “The business has had a tough time for the last two years – they were in the bear market – but I think it’s going to change. Those people have been coping up for a long time. They want to take a real vacation again,” Kramer said.
- Altium packaging: “I think they’ve got a tough long-term story.… I bet it has a bright future,” he said.
Kramer added that Loose’s actions make it clear that the company believes its stock has been devalued, which makes it a more attractive purchase.
Lewis bought 21.1 million shares of the company’s common stock in 2021 for a total of 1.1 billion, according to his letter to shareholders for the same year.
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