THINKING OUT LOUD

Buying Straw Hats in Winter

November 11, 2019

by Rob Zdravevski

The 7th round of public hearings the Royal (Haynes) Commission into the Misconduct in the Banking, Superannuation and Financial Services Industry concluded on November 28, 2018
IOOF Holdings (IFL:ASX) was amongst the more intensely scrutinised corporations during this Royal Commission.
Its stock price troughed at $4.20 on December 10, 2018.
At the time that the Commission Final Report was tabled in Parliament,(February 4, 2019), its stock price was $4.88.
Today, nearly a year later, it’s trading at $7.98.
Besides the obvious need to conduct thorough and honest analysis, the prompt and sayings I want to remind myself include;
consider buying straw hats in winter OR being brave when others are afraid

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