Investec is a good company, with excellent management and an excellent track record of entrepreneurship. It is has been punished unfairly by the market on its exposure to the subprime market, which is immaterial in my reckoning. In my opinion, it is worth a buy.
Hi Stacy I am buying as much as I can. The co. has extremely strong fundamentals (see articles on news page), PE of below 15 (hard to find, etc. etc. Somehow buying low and selling high works for me and bargains like this are hard to find in a drifting market. I want to make solid returns with as low risk as possible. This is one of those. Remember when Harmony hit R60? Everyone ran away. I had to sit tight for a little while but man was it worth it. Banks are offering very, very attractive buying opportunities at the moment and somewhere in the near future, SUB-PRIME will start fading and profits will be climbing. SA does not have a SUB_PRIME problem - sentiment changes very, very quickly. Have fun and God bless.