been a slow coach, page-10

Up to $6.50. I don't understand that. A non-growth company. Increasing expense ratios despite repeated efforts to reform. A special dividend required last year to maintain returns and no special dividend this year so they have fallen back to 2013 payouts when the shares were high $4 / low $5.

I suspect that a lot of money is flowing in to IAG for the steady and heavy regulatory scheme and dividend (but almost half what it was for the previous 2 years) compared to the banks (which of course have a great regulatory scheme compared to other world jurisdictions). But I think people have over invested.

I sold all I could at $6.45 (avoiding doubled up capital gains). If it falls below $5.50 I think I'll get back in.