Monday, May 25, 2009
Suncorp Break Up Story?
Suncorp has been much maligned for a long time now and it seems nobody can really figure out if it's a bank, an insurance company or an investment manager and the share price has been savaged as a result. If you ask me, and nobody usually does, this business will begin to make a lot of sense once it's broken up. Any of the big four wanting to beef up their QLD credentials would have a lot to gain from taking out the banking division and there must be an insurance company that wants to take some cyclone and flood risk.