Medibank could be the Mother of all Buying Opportunities

Marc Kennis Marc Kennis, October 30, 2022

The Medibank hack could turn out to be a great buying opportunity

We now know Medibank Private’s data hack was far larger than originally portrayed. Investors are concerned about the financial and reputational damage it may cause, sending shares in the insurer plunging. But markets tend to have a short attention span, including when it comes to bad corporate news.

That’s what Stuart Roberts is banking on. He believes investor panic has created a bargain, arguing it’s a prime target for contrarians. He says the cost of fixing the data breach is, potentially, small, compared to the opportunity presented, especially when you consider that before the hack, Medibank enjoyed a high level of customer support as measured by its Net Promoter Score.

Find out why Stuart believes Medibank (ASX:MPL) could be the “mother of all buy opportunities”.

 

Medibank

 

 

No time to do stock research, but you still want to invest?
 
Stocks Down Under Concierge gives you timely BUY and SELL alerts on ASX-listed stocks!

 

GET A 3-MONTH FREE TRIAL TO CONCIERGE TODAY

 

No credit card needed and the trial expires automatically.

 

Medibank could be the Mother of all Buying Opportunities 1

 

Recent Posts

impairment

What is an asset impairment? And is it really that bad a kick in the guts as some investors think?

You may have heard companies announce an impairment of particular assets. This is typically perceived by investors as bad news,…

FIRB

The FIRB … Who is the Foreign Investment Review Board and why do they kill great deals?

Investors may or may not know the Foreign Investment Review Board (FIRB), but those who do might know it for…

high interest rates impact tech stocks

How exactly do high interest rates impact tech stocks? Here are 6 ways

We all know high interest rates impact tech stocks. But while most investors would know that fact, not all investors…