Lincoln National Corp (NYSE:LNC)

Great article in seeking alpha by Arie Goren! Very cheap!

It's just too cheap. This is not a titan like, oh, I don't know, Prudential, and earnings have been all over the place in recent years--so I'm not about to invest any real money in LNC. But if earnings are really going to be anywhere near consensus estimates, we have absurd single-digit forward p/e's.

Based on Graham number valuation. For full article, click here: http://bit.ly/YoqHNJ

Shareholders' equity is more than double the market cap of the stock, and has even been rising the last couple of years after bottoming out 2 years ago. Earnings growth puts this stock at about 5x forward earnings. There is a fire sale going on and it's in shares of LNC. No question: strong BUY

Good Company with roots in the midwest.

recovery, stabled, growth,

Financial sector recovery

Raymond James Picks 2011

Lincoln National Corp (LNC) is a holding company, which operates multiple insurance and investment management businesses as well as broadcasting and sports programming business through subsidiary companies.

LNC fits both my eleven twenty-one and my three ten criterias.
I didn't include LNC in my Volume Story, but LNC is definitely one of the volume stocks.
WOW, LNC fits pretty much every single criteria I have for considering a stock a potential huge winner.

The fact that LNC is currently 25% off its 52W high is just icing on the cake.
I love this stock.

p.s.
My Volume Story can be found here:
http://caps.fool.com/Blogs/the-volume-story/266251

Lincoln National Corp (LNC)
The Company is a holding company, which operates multiple insurance and investment management businesses as well as broadcasting and sports programming business through subsidiary companies.

LNC is down 26% from its 52W high, but up approx. 300% from its March 2009 low.
I love this stock.
Definitely, my kind of value play.
So easy a caveman can do it.

LNC has great earnings power and book value relative to the current market cap. From $23 I think we have, in the fullness of time, a double here.

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.