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Loews Corporation (L)

NYSE - Nasdaq Real Time Price. Currency in USD
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58.62+0.20 (+0.35%)
As of 10:52AM EDT. Market open.
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  • J
    Joseph
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  • N
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  • p
    peachbacks
    Loews has always carried bonds, and I do not know if this is too conservative and required for CNA to let out insurance protection.
  • S
    Smart Investor
  • M
    Mariana
    Successful depends on the action or steps you take to achieve it. Show me a man without investment and I'll tell you how long it takes to go bankrupt. Investing crates a safe heaven for the future with the rights investment choices that has at least 2% minimum risk and with the advice of an axpert, profits and interest are 💯% guaranteed
  • D
    Daxton
    When you invest, you are buying a day that you don't have to work.
    I pray everyone reading this becomes successful.
    Bullish
  • c
    chris
    Loews looks lousy right now. The sons took over from dads. Nice gig. They are very conservative and have loads of cash. Almost as much as company market cap right now. No financial squeeze here. They have complained how market does not recognize stock value- always trading at a discount now @ 50%!. They have said they think buying back their stock at these cheap prices is a great investment. The lower the stock goes the more shares I believe they will buy back..FYI, Tisch families control a good % of shares outstanding; I am not aware of any major insider sales over many years. I could be wrong. Long-term this should do well. Short term?
  • c
    chris
    Don’t forget they owned Bulova watch company. Best asset was the building/ property they owned in Queens, near LaGuardia airport.
    Their big run up back when under fathers was due to lorrilard cigarettes a cash cow also back then serious share buybacks.
  • H
    Hairy
    Finally some justice... FT wrote:
    "Delaware judge, vice-chancellor Travis Laster Last month, ruled that the conglomerate Loews Corporation had short-changed public shareholders in a 2018, $1.5bn buyout of its energy pipeline subsidiary, Boardwalk. He found that Loews owed a whopping $690m to the minority investors.

    The linchpin of that finding was the legal advice from the prominent law firm Baker Botts. It issued an opinion to Loews that stated 2018 changes in regulatory policy were severe enough to harm the value of Boardwalk’s pipelines, allowing the parent company to exercise a pre-existing buyout right.

    Laster found, based on trial evidence, that the Baker Botts lawyers had reached their conclusion not with objective analysis but with an eye to please their client.

    In a 194-page decision, he wrote, “Baker Botts’ conduct supports a finding of bad faith.”
  • j
    johnny
    Why are customers allowed to walk out of Lowe's stores with-out paying ? EXPLAIN PLEASE !
  • M
    Mike
    Substantially below the prior year period, caused primarily by (i) drilling rig impairment charges of $408 million from Diamond Offshore Drilling, Inc., (ii) a $363 million decline in net investment income from CNA Financial Corporation and the parent company, (iii) net investment losses of $152 million from CNA, down from $21 million of net investment gains in the prior year period, and (iv) a $38 million decrease in results from Loews Hotels & Co. The economic disruption caused by the COVID-19 pandemic and measures to mitigate the spread of the virus significantly affected Loews's results in the first quarter of 2020. The full impact of COVID-19 on Loews and our businesses will be dependent on the pandemic's duration and scope and the economic policy and other responses to the pandemic.
    2020 Income (loss) before net investment gains (losses) $ (480)
    Net investment gains (losses) (152)
    Net income (loss) attributable to Loews Corporation $ (632)
    Net income (loss) per share $ (2.20)
    December 31, 2019 for three Months Ended March 31, 2019 CNA's results decreased primarily due to a decline in net investment income reflecting losses from limited partnership and common stock investments and a swing from net investment gains in the prior year period to net investment losses. These declines were precipitated by severe disruptions in the financial markets in March 2020 in response to the COVID-19 pandemic and related containment measures. Net investment losses included declines in the fair value of non-redeemable preferred stock and impairment losses on fixed maturity securities. Boardwalk Pipelines' earnings decreased as revenues were lower due to expiring contracts that were replaced by contracts at lower average rates, partially offset by revenue from growth projects recently placed in service. Expenses rose largely because of higher maintenance project expenses, an increased asset base from recently completed growth projects and the expiration of property tax abatements. Loews Hotels' results declined mainly due to the onslaught of the COVID-19 pandemic and mitigating measures, which dramatically reduced revenues beginning in early March 2020. By quarter end, Loews Hotels suspended operations temporarily at most of its hotel properties. During these suspension of operations, Loews Hotels has engaged in significant measures to adjust the operating cost structure of each hotel, deferred most capital expenses and reduced the operating costs of its management company. Diamond Offshore's net loss increased primarily due to impairment charges totaling $774 million ($408 million after tax and noncontrolling interests) related to the carrying value of four drilling rigs. April 26, 2020, Diamond Offshore and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. As a result of the filing, Loews has concluded that it will no longer control Diamond Offshore for accounting purposes and is required to deconsolidate Diamond Offshore as of the Chapter 11 filing date. Through the date of Diamond Offshore's filing, we will continue to include our share of Diamond Offshore's losses in our consolidated financial statements. In connection with the deconsolidation, we expect to record a significant non-cash loss in the second quarter of 2020 to recognize the difference between the carrying value and estimated fair value of our interest in Diamond Offshore. The carrying value of Diamond Offshore as of March 31, 2020 was $1.0 billion, net of tax. The investment portfolio recorded a loss for the quarter as compared to income in the prior year period. Results decreased primarily due to the equity market declines in response to uncertainty about the effects of the COVID-19 pandemic.
  • H
    Hairy
    We believe Lawrence would be spinning in his grave, if he knew how badly his kids has manged Loews since he died. L stock trades same level where it traded 15 years ago.
  • E
    Eric
    I just came back from home Depot not much better they want more and more machine and less people to talk to I really think Lowe's is slightly better but there is huge room for improvement
  • t
    tom
    Loews doesn't care about the customer. I bought craftsman electric chainsaw. Had trouble with it.lost recipt.my fault.but still they gave me every excuse not to fix .after I spent 4k there.i went to home depot.they fixed it.they don't carry that product.funny.i won't shop at Loews anymore
  • D
    Dana
    I tried to buy from Loews. Delivery had a 35 day wait. All items were in stock at local store. 30 days later, order is broken into 3 parts, now three trucks coming, different days, two from stores far across the city. At day 40, the first delivery didn't happen. The other two were delayed 10 more days. F' that. I canceled all of it. Borrowed a truck and went to my local store 1 mile away.
  • B
    Booleansearcher
    GREAT TO SEE MANAGEMENT DO THE RIGHT THING....NOW I LOVE THIS HOTEL GROUP EVEN MORE. Love staying there and now more reason to do so. Boolean
  • M
    Mike
    1. States will make Loews pay for losses on the business as these companies are affected by the catastrophe.

    2. Other companies with business shutdown will not pay the hundred thousand dollars of premium the business coverage insurance charge.

    Either way loss of billions.
    Barbara Snowden dreamed of opening a wig shop to help women who'd lost their hair during chemotherapy feel better as they battled cancer. In November, she
    Barbara Snowden dreamed of opening a wig shop to help women who'd lost their hair during chemotherapy feel better as they battled cancer. In November, she
    www.insurancejournal.com
  • D
    DennisK
    Being a Diamond Offshore stock holder for years, I was shocked to see Loews let them go under.
  • M
    Mike
    The company collects large amounts of money to ensure businesses are covered by lawsuits and labor coverage. When it is time to cover them in payout they deny those entitled to good faith agreements. It turns into more legal fees and this company loves hiring the most expensive lawyers.
    HOUSTON, April 21, 2020 /PRNewswire via COMTEX/ -- HOUSTON, April 21, 2020 /PRNewswire/ -- The Ammons Law Firm has filed one of the country's first class...
    HOUSTON, April 21, 2020 /PRNewswire via COMTEX/ -- HOUSTON, April 21, 2020 /PRNewswire/ -- The Ammons Law Firm has filed one of the country's first class...
    www.marketwatch.com
  • c
    chris
    Loews is listless. A quiet conservative behemoth. Run, not as well, by privileged sons. However, their core holdings are valuable. True, they have hotels, tankers, platforms, pipelines, other energy holdings. They also have cash cow CNA and modestly positive container co. They have the resources to weather almost any financial downturn.

    Book value is $61/share, trading at $35.85 or a 40% discount. They can easily buy back 10% of stock a year. Also, at this deep discounted price, they SHOULD.

    Also, they have the financial resources @ 5 billion in cash making little on T-Bills and could be used for organic build outs of buying others.

    They can and should be doing a whole lot more. Imagine 3 years from now energy up, hotels back to semi-normal, tankers/pipelines/platforms bringing in revenues along with continual CNA stock buybacks and increased profits with say 25% less shares!

    TISCH sons- DO IT!!!
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