IAG 1.14% $7.57 insurance australia group limited

Very big overreaction here imo, but not overly surprising - so...

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    Very big overreaction here imo, but not overly surprising - so far this reporting period there has been some huge overreactions if profit hasn't gone up by more than the last period and/or if dividends haven't increased etc. There are deluded people out there with unrealistic expectations regarding growth. When you have such a large market share in an industry it's hard to continue maintaining the same % of profit, particularly in a competitive industry in a challenge time economically.

    IAG is a stable, giant company it it's field and I'm highly confident they will bounce back, anything under $6 is a screaming buy and anything under 6.20 is a moderate buy. I think this will be $7 by the end of 2015. All my opinion only of course.
 
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