The Panic-Proof Portfolio (Stockchase Research)Gen Digital Inc. GENTOP PICKApr 11, 2024
Stockchase Research Editor: Michael O'Reilly
This cyber security company, with brands such as Norton and Lifelock, is well positioned as a top software protection firm. It trades at 10x earnings and supports a 75% ROE. Its modest dividend is backed by a payout ratio under 25% of cash flow. The company is prudently using some cash reserves to retire debt and buyback shares. We recommend setting a stop-loss at $17, looking to achieve $27 -- upside potential of 27%. Yield 2.2%
Been driven by the force of deregulation and a shortage of product. He feels there will be slower economic growth in the US this year, which is very good for utilities.
In the late 90's, early 2000 there was a huge overcapacity built on the electrical generating side which is now starting to wind its way through the system so we are now getting a creep up of demand. Book value is almost double the share price.
This cyber security company, with brands such as Norton and Lifelock, is well positioned as a top software protection firm. It trades at 10x earnings and supports a 75% ROE. Its modest dividend is backed by a payout ratio under 25% of cash flow. The company is prudently using some cash reserves to retire debt and buyback shares. We recommend setting a stop-loss at $17, looking to achieve $27 -- upside potential of 27%. Yield 2.2%