Lincoln National Corp (LNC)

PEG = 0.54

DO not know if this is an honest Abe, but what it has done is bit the bullet to position itself into a less leveraged position. Four score days and seven months should tell the tale.

Selling for less than tangible book.

Anyone betting on this dog better be willing to live off of Road Kill, for the next couple of years. Tarp, or no tarp!

Large amount of upcoming debt may sink this one.

Market price is at a large discount to analyst estimates

LNC has been killed along with other insurers. A lot of worry and misunderstanding that's overdone. They had an investors day and described the hits that they're taking and their current capital position. They're at about a 370% RBC ratio as of a couple weeks ago, and maintaining their rating normally takes about 350%. Their hedges on their variable annuity program are largely working. This stock has popped 50% in a few days, will pop after year end numbers are posted and should return to 1 - 1.5 times price to book over a 3 - 5 year horizon. Analysts show their projected book value at about $40+. Target price is $50 - 60 over the next few years easy.

Insurance is hard to understand -- but at 25% price to book, it's still a steal -- unless you believe in Armageddon.

I consider this a good play in the financial services sector, particularly when that sector recovers. They have good liquidity and do not seem to be much affected by the negative problems associated with exposure to the mortgage market and derivative risks.

Another stock that has fallen off a cliff in the last two weeks... fundamentals are strong but general market fear has caused this stock to be side-swipped by the panic.

As with all my picks: A very attractive P/E, excellent EPS growth rate and high five year growth prospects.

STOCK TO RISE.

This CAPS account is tracking the 200 highest yielding S&P stocks.

Lincln Financial Group sees growth in insurance

Fundamentally, it doesn't get much better.

Lincoln is still integrating the former Jefferson-Pilot units and that is going off without many major hitches. They are also poised to sell off the non-core media assets for 20% of the purchase price of the whole company. Lincoln is three things at once.
1) They are looking to acquire other units to boost performance.
2) They are aggresively repurchasing shares.
3) They are a buyout target.

Good company at a good price

5*, momentum, attractive fundamentals

with a lean toward wealthy investors in or nearing retirement, this company can't go wrong with the nations current demographics. a strong dividend doesn't hurt, either.

This overlooked stock rises and falls with interest rates, but always paid a dividend that has increased over the years, and is currently rising - just as surely as it will fall when interest rates sink