Lincoln National (US:LNC)

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Lincoln National (US:LNC)

Post  Max on Mon Dec 06, 2010 11:10 am

This is an insurance company trading at $25, and with book value of nearly $30. Same idea, and same risks as Manulife (MFC). Very little debt, total current liabilities are 2x current assets, but this is due to the business (all insurance liabilities are considered current).

Better than MFC, these guys actually have annualized positive earnings of $2.5 per share. This means 10x PE without even considering the discount on book value, which makes the stock pay for itself even if they don't have any earnings.

Will do further analysis later.

Max
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Re: Lincoln National (US:LNC)

Post  Max on Wed Dec 08, 2010 10:38 am

Sold for $26.77 this morning. 7% gain in 2 days on a blue chip.

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Re: Lincoln National (US:LNC)

Post  lukera on Wed Dec 08, 2010 2:12 pm

Nice gain MAX!
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Re: Lincoln National (US:LNC)

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