Direct Line: Still in “Too Hard” Bucket After H1, Despite <10x P/E
librariancapital.substack.com
Earnings can recover substantially as policies are repriced this year, and shares look cheap, but multiple mis-steps mean problems may be more fundamental.
Direct Line: Still in “Too Hard” Bucket After H1, Despite <10x P/E
Direct Line: Still in “Too Hard” Bucket After…
Direct Line: Still in “Too Hard” Bucket After H1, Despite <10x P/E
Earnings can recover substantially as policies are repriced this year, and shares look cheap, but multiple mis-steps mean problems may be more fundamental.