FIG 0.00% 2.0¢ freedom insurance group ltd

I'm in 2 minds about this company. On the one hand you have some...

  1. 151 Posts.
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    I'm in 2 minds about this company.

    On the one hand you have some high pressure cold call sales tactics by a scumbag who pressured a disabled guy into signing up for life insurance and when the father tried cancelling was basically told to FIG off(pardon the pun).

    Having said that, it wasn't illegal and one could argue refusing to sell a product to someone just because they have a disability is discriminatory.

    But let's look at the reality here. These guys are selling Life Insurance... it's like the very epicentre of scumbaginess. I reckon a used car salesman is a couple of notches above on the trust rankings. And other big insurance companies are doing it still.

    So onto the company and investing... well their numbers are pretty good and they've just axed their entire sales of life insurance so any controversy regarding that is DEAD (pardon the pun again!). That however means they just killed 13% of their business.

    Now I'm not a betting man, but if I was I'd say this share has been oversold and is now ready for a bounce...
 
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Currently unlisted public company.

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