Best stock investments –
Almost exactly a year ago I suggested a few different insurance-related stocks to the Irregulars in an “Idea of the Month” piece, including Lancashire (LRE.L, LCSHF), Axis Capital (AXS), and Fosun Holdings (656.HK, FOSUF OTC in the US, or FOSUY for the 1:25 ADR OTC)… Lancashire I’ve owned for quite a while, but I’ve never owned the other two.
At least, until now. Fosun took off in the months after I wrote about it, enjoying the gloss of its growing reputation as the “Berkshire Hathaway of China” as they build a conglomerate with insurance companies at its heart… and it’s been on an incredible and headline-generating acquisition spree, so much so that it’s been hard to keep track of just what they’ve been buying, from iconic NY skyscrapers to Portuguese banks.
That attention helped to drive the price up, roughly doubling into this past Spring, a level it held for a while… but finally the price dipped on the China panic that really took hold last month, and fell further in the last week or so, …
– Best stock investments