Quote:
Originally Posted by suesheboy
10% for 9 years is not 60% unless you are referring to the share price going up 59% (which is not profits). Either way your statement was wrong.
|
"sending their shares up an average of 59%" means that the insurance companies are appreciating in value by approx 60%, at least according to Goldman Sachs projections and I'm going to guess they are better than you or me or anyone else on GFY at making such projections.
Profits are a lever which moves stock value, but of course company value and gross profit are not the same thing.
What statement did I make which was wrong?