Ann: Third quarter AUM, annuity sales and net flows, page-7

  1. 17,821 Posts.
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    It's always been a 2-steps forward; 1.5-step backwards company.

    Which is the reason its earnings will never be rated at a premium to broader market valuation multiples.

    But I think 12x P/E is too steep a discount.

    .
 
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