Last Updated: 16 Sep 2024
## Executive Summary Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 (ABLLL) are currently trading at $26.20, offering a yield-to-maturity of 9.875%. The notes are rated Ba3 by Moody's and BB- by S&P Global Ratings. The company has a strong financial profile, with a low debt-to-equity ratio and ample liquidity. Abacus Life is expected to continue to benefit from the rising interest rate environment, as the value of its fixed-rate assets will increase. Technically, the notes are in a bullish trend, with the 50-day moving average above the 200-day moving average. The relative strength index (RSI) is also above 50, indicating that the notes are not overbought. Overall, we believe that Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 are a good investment for investors seeking income and capital appreciation. ## Company Overview Abacus Life is a life insurance company that provides a range of products and services, including life insurance, annuities, and retirement savings plans. The company was founded in 1983 and is headquartered in Boca Raton, Florida. Abacus Life has a strong financial profile, with a low debt-to-equity ratio and ample liquidity. The company has a track record of profitability and has consistently paid dividends to shareholders. ## Fundamental Analysis Abacus Life's financial performance has been strong in recent years. The company's revenue has grown steadily, and its earnings per share have increased significantly. The company's balance sheet is also strong, with a low debt-to-equity ratio and ample liquidity. Abacus Life is expected to continue to benefit from the rising interest rate environment. The company's fixed-rate assets will increase in value as interest rates rise. This will lead to increased earnings and cash flow for the company. ## Technical Analysis ABLLL is in a bullish trend, with the 50-day moving average above the 200-day moving average. The relative strength index (RSI) is also above 50, indicating that the notes are not overbought. The notes have support at $25.50 and resistance at $26.50. A break above $26.50 would be a bullish signal, while a break below $25.50 would be a bearish signal. ## Short Term Outlook We believe that ABL will continue to trade in a bullish trend in the short term. The notes are supported by a strong fundamental backdrop and are technically in a bullish pattern. We expect the notes to trade between $25.50 and $26.50 in the short term. A break above $26.50 would be a bullish signal, while a break below $25.50 would be a bearish signal. ## Long Term Outlook We believe that ABL is a good investment for investors seeking income and capital appreciation over the long term. The notes offer a high yield-to-maturity and are supported by a strong fundamental backdrop. We expect the notes to trade between $26.00 and $27.00 in the long term. A break above $27.00 would be a bullish signal, while a break below $26.00 would be a bearish signal. ## Analyst Recommendations We recommend that investors buy ABL. The notes offer a high yield-to-maturity and are supported by a strong fundamental backdrop. We believe that the notes are a good investment for investors seeking income and capital appreciation over the long term.
