Trading Near 52-Week High, Why Allstate Stock is Still Worth Buying
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Allstate's stock is trading near its 52-week high, yet it remains a good buy due to strong cash flow generation, which supports leverage improvement and shareholder returns.
November 21, 2024 | 5:15 pm
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Allstate's stock is trading near its 52-week high, but strong cash flow generation supports leverage improvement and shareholder returns, making it a good buy.
The article highlights Allstate's strong cash flow generation, which is crucial for improving leverage and enhancing shareholder returns. This financial strength supports the stock's current high price and suggests potential for further gains.
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