It took a few days for the upgrade to sink in but the market has found it now. It's quite feasible that these guys have a few good years of growth in them from here.
There are risks, namely govt regulation and also the lower cash profit in the early years while the new business written is high relative to in-force premiums which will probably limit the PE to some extent but offsetting that is the very high growth being achieved.
FIG Price at posting:
49.5¢ Sentiment: None Disclosure: Held
