Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Eagle Capital Management $GS and $AON Picks Gained 5%

Boykin Curry, founder of Eagle Capital, spoke at the Value Investing Congress this week about time arbitrage reports Benzinga. Curry said that analysts have been inaccurate with price targets lately, explaining that they lowered their price estimates based on the current economy rather than taking into account long term cash flows. Curry explained that that was the reason funds with a longer focus have been able to outperform shorter-term funds.

EAGLE CAPITAL MANAGEMENT

Boykin Curry, AON and Insurance Cycles

Boykin Curry recommended AON Corp (AON). The company is one of the largest insurance companies in the world, has a free cash flow yield of 10% and, while Curry says that it will not have any revenue growth over the next few years, he thinks the management team there is extraordinary. Further, Curry estimates that the volatility in the markets will eventually cause the insurance industry to turn, allowing AON to benefit. AON closed Monday at $44.44 a share. It is currently trading at $46.69 a share.

Boykin Curry is Sweet on Goldman Sachs

Boykin Curry also recommends Goldman Sachs (GS) and his primary reason is an interesting one – he likes GS because more than 95% of the people it offers jobs to takes them. In other words, GS has its pick of new talent. Curry thinks that fact will help GS prosper once the markets recover. Curry also believes that GS’s current asset value is around is around $82B, or roughly $150 a share. Given GS is currently trading at $95 or so, that’s a 58% upside and even more if GS does a buy back later. GS closed at $96.90 Monday. It recently traded at $101.11.

Loading...