CBL has certainly had the home grown hero reputation about it and commanded a price befitting of that; this is the second (bigger) strike from CBL in the last 12 months
At the very least I think it will lose its price premium and probably even trade at market discount multiples until we are certain there are t more problems out there a la QBE which has suffered ongoing operational and claims performance
Wether now is the time to buy or later on probably depends at least in part on whether this is the end of it all : my experience - beware the falling knife
CBL Price at posting:
$2.82 Sentiment: Hold Disclosure: Held
