Allstate’s “Recovery Trade” Is Done - Now It’s a Quality Compounder at a Value Multiple
Allstate looks past the headline “turnaround” phase and into a steadier compounding setup: strong profitability metrics, substantial free cash flow, and a single-digit earnings multiple while the stock sits below key moving averages with a depressed RSI. I like a mid-term long with a tight invalidation level and a defined upside target as sentiment…