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Ann: ISU Trading Update & CEO Resignation, page-24

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Yoda2503

631 Posts.

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23/04/18

21:44

Post #: 32640757
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Originally posted by Autosime ↑

Only with the benefit of hindsight can you say they are good businesses. That’s not what people were saying a couple of years back with BAL I am not sure what the issue is with recognizing future revenue of insurance policies based on average life of policies . If you want discount by 30-40% . Still doesn’t make this a terrible investment at these levels . Not saying its a great business , just not a terminal one and due for a a bounce to more reasonable levels.

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Lol you dont need hindsight to know this isnt a well run businesss. ..just look at it's revenue recognition policies.......if they arent totally bullish then i don't know what is?

ISU Price at posting: 44.5¢ Sentiment: None Disclosure: Not Held
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