Q: Good morning, I would like to get your perspective on this company, and whether beginning a position at this time would be a good idea, or feel free to suggest a similar more attractive idea Cheers!
5i Research Answer:
We consider IAG a solid mid cap financial firm. It is priced well at 14X earnings, the dividend is decent, secure and has growth potential, and the stock is doing well (up 33% one year). Growth is not huge (8% or so expected) but growth has been steady. We like it overall, and would consider it a somewhat stable position.