@norah123. I just read this whole thread, and I like the way you are thinking. On both a fundamental and technical view, this company is looking good. It is also one of WAM's top picks, and it's in a sector that will benefit from rising interest rates. If they can revise down their 2020 provisions and release that capital, IAG will be looking great. Also check out the articles on Livewire. Of course they are susceptible to natural events, but that's the bargin you strike with investing in any insurance company. IMO IAG is a medium term winner and good for a longer term position. In an environment where other companies with almost no profit are trading on skyscraper ratios, IAG looks like a good value play with dividends along the way. A break above $5.50 would be bullish. And if that happens > $7.00 within about 12 months should be achievable IMO. I'm putting money where my mouth is.
IAG Price at posting:
$5.21 Sentiment: Buy Disclosure: Held
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