I am new to this stock but I spent the weekend doing the usual research and looking through fundamentals. As I result, I have taken on a series of parcels yesterday and today.
For those of you who have followed this for a while, I have a question: Am I missing something?
This appears to be a very well run company, strong balance sheet and international presence. Diluted EPS of 225.7, return on capital in the 20%s for the last few years and at $19.62 this morning (when I bought some in the auction), it's trading at about 9x earnings.
Given the current economic climate, this seems to be taking a hammering like everyone else but is there something else in the wings that we don't know about?
Appreciate your input.
QBE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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