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Saga: buy 'em even if you are a young 'un

By Chris Bailey of Financial Orbit | Tuesday 17 April 2018


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


We all like shares that go up a lot but in terms of idea generation I think the biggest fallers list is by far the most interesting.  Near the end of last year I saw that the insurance and travel company Saga (SAGA) shares fell sharply after the company said that its profits would be hurt by a combination of factors including 'a lower level of written to earned benefit and a decline in reserve releases' and investing more into new 'customer acquisitions'.  The net impact was that profits were expected to be 5% lower...but the shares fell over 25%. 

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