FIG 0.00% 2.0¢ freedom insurance group ltd

This stock popped up recently on my scan of technical and...

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  1. 1,816 Posts.
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    This stock popped up recently on my scan of technical and fundamental stats.

    On further investigation, it seems that this company operates in a very competitive environment with low barriers to entry.
    I cant see understand how this company can acheive high future organic growth in this environment. Perhaps a very aggressive sales approach is the answer.
    The company is heavily reliant on new sales. These could quickly reduce in a different economic enviroment.
    In conclusion, this may be a good short term trade, but I choose to avoid, on the basis of both technicals (chart), and fundamentals.
 
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Currently unlisted public company.

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