This one has been a bit of a dog for me but I'm holding on!
It's being punished at the moment for a few reasons I think: It's a growth tech stock that isn't profitable so is getting punished with the prospect of rising interest rates It's client base is too concentrated, it has a couple of big clients but if it loses just one it would have massive impact on the company Insurance companies have had a rough couple of years and whilst they are aware they need to change the way they manage their claims the urgency to do so has likely waned whilst they focus their efforts on bigger issues
Ultimately I think this company could still come good but investors like me who bought in at $4 might be waiting a while!
FCL Price at posting:
$2.48 Sentiment: Hold Disclosure: Held
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