Q: Hello,
What is your view on A W for long term investment as well as Definity Financial? Thanks very much
What is your view on A W for long term investment as well as Definity Financial? Thanks very much
5i Research Answer:
We have a recent report on AW and we would reference the report here: https://www.5iresearch.ca/index.php?p=download&file=2357
We continue to like DFY. The momentum has been quite strong at the company. Our main concern is that the valuation is on the higher side (18X forward P/E) for an insurance name. The company has been executing over the last year though so some premium is likely warranted.