OMF

OneMain Holdings Inc

Finance/Real Estate


Presented:01/22/2023
Price:$40.50
Cap:$4.95B
Current Price:$46.68
Cap:$5.59B

Presented

Date01/22/2023
Price$40.50
Market Cap$4.95B
Ent Value$20.83B
P/E Ratio5.35x
Book Value$24.56
Div Yield9.38%
Shares O/S122.21M
Ave Daily Vol1,298,321
Short Int4.87%

Current

Price$46.68
Market Cap$5.59B
OneMain Holdings, Inc. is a consumer finance company, which provides origination, underwriting and servicing of personal loans, primarily to non-prime customers. It operates through the following segments: Consumer & Insurance and Other segments. The Consumer & Insurance segment consists of service secured and unsecured personal loans, voluntary credit and non-credit insurance, and related products through its combined branch network, digital platform, and centralized operations. The Other segment consists of the liquidation of SpringCastle Portfolio activities and non-originating operations. The company was founded on August 5, 2013, and is headquartered in Evansville, IN.

Publicly traded companies mentioned herein: OneMain Holdings (OMF)

Highlights

The presenter is long One Main Holdings (OMF), a business primarily focused on providing personal loans and optional insurance products to customers who have limited access to traditional lenders, such as banks and credit card companies. The presenter agrees with others that this coming recession may not be like prior recessions. He describes the opportunity as being ‘long the plumber’ or long subprime and short prime when it comes to the financials sector.

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Idea Discussion

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