Loews Corp. (L) reported alongside CNA financial, of which they own 90%. Solid numbers out, like I expected. Things just keep improving for their businesses. CNA is the big driver of earnings, and things are really starting to turn around there.
I listened to most of the earnings call today, and didn't pick up much quote-worthy, but if I find anything in the transcript, I'll point it out later.
Truthfully, the stock is getting pushed down because of Diamond Offshore, of which they own 50%. DO has been sold off due to earnings (they cut their special div.), and the problems due to the oil spill/Obama's offshore dilling plan. If you're looking to buy into the offshore drilling space, now is the time, and DO (or NE) is the stock. I prefer to buy the parent, and get a discount, but that's just me.
Loews book value is now $41.80/share. As I write, shares are $37.29. Value here? I'd say yes.
If you're looking for a quick run-through on their structure, this will work well.
Disclosure: Long L