T Rowe is a financial asset firm, founded in 1937, within the top 25 of its kind and managing above 1,5 B USD AUM.
In his peak in 2021 the stock traded @220 and is now back to better valuations. According to simplywallstreet the stock is trading a good amount below its fair value.
Not all metrics are that shiny. The reason why i bought this stock are mulitlayered:
- we do not have financial Asset Management firms in our portfolio (this is the first one)
- we never trade banks, so it is obvious that we can not have that much “Financials” in our portfolio.
- The stock “behaved” like it should be and rebounded from major support levels at 85ish.
What i also like to see that a company has low debt, which this stock definetly has…
Overall we stepped in and will sell calls to collect premiums, time will tell.