"Well done" to the Financials team
BBY's Financials team has pretty much been the lone voice in the Aussie market calling insurance giant QBE an "underperform". Sure, other brokers have at times placed "holds" on the stock, but we have been talking to clients to get out of the stock for quite a while now.
In fact, Brett Le Mesurier and Anthony Vogel have had an underperform on the stock from April 18, 2011 when the stock was $18.78. It's now $10.34.
Brett and Anthony's last piece "Unlucky to Some, Poor Strategic Desicions to Others" is available from your BBY Adviser/Account Manager, however it may be more prudent to talk to them about some of the other BBY calls coming from the Financials team. Or indeed, our other Analyst teams for that matter.
Great work gentlemen !!


