OPPORTUNITIES IN LIFE INSURANCE STOCKS BY SHELBY CULLOM DAVIS
The present (August 1957) opportunity in life insurance stocks stems from three factors: (1) They are desirable long-term growth investments. (2) They are attractively priced at 10-12 times estimated 1956 adjusted earnings. (3) They have undergone a price correction for 18 months which has carried many issues as much as 30% to 40% below their highs. Yet earnings this year will be at an all-time high and the fundamentals on which earnings rest (sales, improved mortality, high interest rates) appear favorable for the foreseeable future. The present opportunity exists largely because of market congestion.
Amid the turmoil in the public markets and the staggering macroeconomic environment, it should come as no surprise that the private markets are also struggling. In fact, there are some important links between private equity and the current economic environment. A closer look at PE reveals that the industry often serves as a leading indicator Read More
The research report is here:https://rcpt.yousendit.com/1422135444/8aea00fbe09e0b2b58586a585283b49a And this will be in the Value Vault Investor folder under Davis.