AMP time to buy, page-124

Is this just a site for blatant uprampers?

I have been reviewing a few of the comments here and many of them seem to have no basis in fact whatsoever.

THis stock has to rise by 100% to get back to where it was 12 months ago but I see people claiming the uplift from $2.16 to $2.43 as some kind of victory! 

The reality is that AMP have a large class action pending, the business and some of the staff are facing likely criminal charges, the super trustees part of the business looks like being banned or at least being heavily sanctioned and none of this is resolved yet.

The last 6 months financials show a remediation cost of around $300m and according to Michael Williams in his RC testimony it could take up to 17 years to complete the remediation process. $300m times 17 years = you do the math.

The dividends look like sitting at about $0.08-$0.10c per year for the next few years at least. This means the share price should sit around $1.50-$2.00 at best. 

All of the above info is plainly available via the media, AMP Shareholder site and the RC web site. 

Simply waffling that the share has been "oversold" or some other drivel isnt fact, it is just wishful thinking. 

Lets get some perspective folks and accept that this stock has a long ways to fall before it picks up agian. No doubt many of you wont agree with me but statements like "italians do it better" or my personal favorite "its been oversold" arent going to cut it. 

I implore all readers to look at previous comments. None of the uprampers have any facts to support their dishonest statements. Do not be fooled. AMP is doomed.