the charts for IAG would give no indication of their future as...

the charts for IAG would give no indication of their future as the reason for their multi year low is terrible board + pandemic. However, They are now about to change the ceo that dragged them down. Together with corona the price is lower than ever before, not because of any fault of IAGs own but of outer circumstances.it is still a fabulous business. The risk now is only who is going to take over the reign and if we are looking at a double price in two years time or a triple (In the case of an amazing ceo - let’s hope so). As in these cases where we are boarding a super solid company, there barely is a downside risk - you will need another absolutely horrific board and another pandemic + negative rates to continue the downturn. Remember also that insurance thrive in high interest rates environment - which we eventually will be heading towards. Therefore the time to buy is now. Patience, patience, as always. Cheers