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Adrian Day: Adversity Often Presents Opportunities

Source: Adrian Day for Streetwise Reports 05/28/2020 Money manager Adrian Day reviews developments, both positive and not-so-positive, at several companies in his portfolio and he finds that some are cheap enough to buy. Loews Corp. (L:NYSE, 31.19) is having a rough time, with several of its holdings severely hit by not only Covid restrictions but by broader market conditions as well. Its struggling, majority-owned Diamond Offshore succumbed to weak oil markets by filing for bankruptcy. Investment income at its CNA insurance unit declined sharply. Virtually all its hotels have closed and laid off 90% of staff amid travel restrictions. All

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