Loews Corporation is a ‘hidden gem’ in the rough, Jim Cramer says – What We Know!

Loews Company is a inventory traders ought to be watching even when analysts aren’t, CNBC’s Jim Cramer mentioned Wednesday.

“Loews Company could not get any love from the analyst neighborhood, however I believe it’s a hidden gem that ought to work completely in an more and more powerful market,” the “Mad Cash” host mentioned. 

“The truth that it’s managed to fly underneath the radar merely implies that you’re getting an opportunity to purchase it for lower than it ought to be value,” he mentioned.

Loews inventory rose 0.09% on Wednesday to $63.36, nonetheless under its 52-week excessive of $66.00.

Cramer highlighted the company’s 4 subsidiaries and what he likes about each.

  • CNA Monetary: “CNA Monetary is the inspiration of Loews — it’s like a money machine that continually throws off cash,” he mentioned.
  • Boardwalk Pipelines: Cramer mentioned that the U.S’ scarcity of pure fuel pipelines, together with the placement of Boardwalk’s pipelines, that are across the Gulf Coast, are enormous pluses for Loews. 
  • Loews Lodges: “This enterprise has had a troublesome time over the previous two years — they’ve been in bear market — however I believe that’s going to alter. … Folks have been cooped up for too lengthy. They wish to take actual holidays once more,” Cramer mentioned.
  • Altium Packaging: “I believe they’ve received a strong long-term story. … I wager it’s received a brilliant future,” he mentioned.

Cramer additionally mentioned that Loews’ actions make it clear the corporate believes that its inventory is undervalued, which makes it an much more engaging purchase.

Loews purchased again 21.1 million shares of the corporate’s widespread inventory in 2021 totaling $1.1 billion, based on its letter to shareholders for that very same yr.

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