This is the reason markets are irrational and offers opportunity to smart value investors, i am holding this from early 50 levels and only increasing holdings at every fall. ROE and ROA will jump dramatically going forward, ABCD their digital platform is also quiet impressive. Their are stocks in current market which are discounted their 5-10 year earnings in current price and still trade at higher valuations without a strong promotor history. Here we have AB Capital despite 30% average growth in profits, a large financial house is trading at P/B of 1.5. only Mutual fund business valuation and Insurance business valuation is 75% if current price.
Disclosure: Core holding in long long portfolio
