Protective Life Corp. (NYSE:PL)
A holding company whose subsidiaries provide financial services through the production, distribution and administration of insurance and investment products.
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Good uptrend going, with a book value of $59.06 and insider ownership also uptrended.
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Equity indexed annuities and life product will show increasing demand as boomers approach retirement.
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Solid company with strong balance sheet. At $22 per share it is trading at less than half tangible book value. 3% div., low debt, 7.2 p/e. Beta @3.2 is more volitile than I like but I still think I will pick up a few shares in my real portfolio.
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Protective Life (PL) trades at 2/3 net tangible assets and a very low P/E of 7.6.
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Low Cost good service will pay off.
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score is 5.28
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I own the preferred for the good Divvy
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No reason for it's current value other than fear in the segment
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Another completely crushed insurance stock. Investing in entire insurance sector, why? Its one of the most profitable industries in the world. Why do you think Warren Buffet is in it?
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Book value is more than twice the market price. Once the post-AIG fallout settles, they should be fine.
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Soon to take charge of a Citigroup division that is going to be a) very much happier out from under THAT umbrella and b) more profitable than anything coming up that they can get for a good long time into the future. I like this as one of the finacial's 'comeback' story.
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Solid growth and a nice dividend. P/E under 10 seals the deal.
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oversold technically,strong earnings growth rate,and excellent sales growth rate.
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