The Panic-Proof Portfolio (Stockchase Research)
Bread Financial Holdings
BFH-N
TOP PICK
Nov 30, 2023
Stockchase Research Editor: Michael O'Reilly
BFH offers tech based lending, payment, and credit card financial services. It trades at 3x earnings, under book value and supports a ROE of 21%. Quarterly cash reserves are growing, while debit is retired. It pays a decent dividend, backed by a payout ratio under 10% of cash flow. We recommend a stop-loss at $21, looking to achieve $34 -- upside potential of 21%. Yield 3.0%
(A Top Pick Nov 30/23, Up 20.9%)Stockchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with BFH has achieved its target at $34. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $21) to $26.
BFH offers tech based lending, payment, and credit card financial services. It trades at 3x earnings, under book value and supports a ROE of 21%. Quarterly cash reserves are growing, while debit is retired. It pays a decent dividend, backed by a payout ratio under 10% of cash flow. We recommend a stop-loss at $21, looking to achieve $34 -- upside potential of 21%. Yield 3.0%
(Analysts’ price target is $34.00)