Medibank could be the Mother of all Buying Opportunities
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”.
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.
Blog Categories
Get Our Top 5 ASX Stocks for FY25
Recent Posts
4 Growing ASX Dividend Stocks to Buy and Hold for Steady Returns
Investing in dividend stocks remains a reliable strategy for Australians seeking steady income and long-term capital growth. But which ASX-listed…
3 ASX ETFs to Buy for Passive Income in May
Investing in exchange-traded funds (ETFs) on the Australian Securities Exchange (ASX) has become one of the most popular ways to…
The Alpha of a stock: Here’s why it is important for investors to know
The Alpha of a stock is another important investing metric that stock investors need to know about. In this article,…