The Panic-Proof Portfolio (Stockchase Research) Gen Digital Inc. GEN-N PAST TOP PICK Nov 26, 2024

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% 

Our PAST TOP PICK with GEN is progressing well.  To remain disciplined, we recommend trailing up the stop (from $17) to $20 at this time. 

Our PAST TOP PICK with GEN is progressing well.  To remain disciplined, we recommend trailing up the stop (from $20) to $23 at this time.  

Our PAST TOP PICK with GEN has achieved its target at $27.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $23) to $25 at this time. 

Our PAST TOP PICK with GEN has triggered its stop at $27.50.  To remain disciplined, we recommend covering the position at this time.  Combined with our previous guidance, this will result in a net investment gain of 29%.