Opinions
The Panic-Proof Portfolio (Stockchase Research)
OneMain Holdings, Inc.
OMF-N
PAST TOP PICK
Apr 15, 2021
(A Top Pick Sep 01/20, Up 86.4%)Stockchase Research Editor: Michael O'Reilly We are recommending trailing up the stop to $47. This would all but guarantee a minimum investment return of 50%, including the previous recommendation to cover 50%.
$55.270
Stock price when the opinion was issued
Financial Services
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TOP PICK
OMF is involved in consumer credit and provides involuntary unemployment insurance as well as auto membership plans in 44 US states. It beat last earnings estimates by $0.58 per share when it reported $0.80. Currently there are 15 buy ratings and EPS are expected to grow by 50% next year. With a PE of only 6.3, it is cheap compared to industry peers averaging 19. It is only trading at 92% of book value. It pays a good dividend that is backed by a low payout ratio of less than 20% of cash flow. We would buy this with a $21 stop-loss and see potentially over 40% upside. Yield 4.6% (Analysts’ price target is $41.20)
Financial Services
PAST TOP PICK
(A Top Pick Sep 01/20, Up 40.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK has achieved its 40% upside objective. We are being disciplined and are recommending that 50% of the position be covered. We are also recommending the stop be trailed up to $34.00, which should all but guarantee a minimum return of 28%.
Financial Services
PAST TOP PICK
(A Top Pick Sep 01/20, Up 88.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with OMF has triggered its stop at $55. We recommend covering the balance of the position at this time. When combined with the previous recommendation to cover half the position, this results in a net investment gain over 64%. We will continue to monitor this for another potential entry.
Financial Services