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ASX Top 200 Stocks Down Under 21 November 2022: AMP (ASX:AMP)
AMP: A classic and ongoing case of wealth destruction
One time wealth management giant AMP (ASX: AMP) has endured a massive fall from grace over the years. There is an argument to be made that now is turnaround time, since it now has a banking brand and wealth management platform, which are both performing well. But remember how much money investors have lost over the years betting that the turnaround was on when it really wasn’t. Right now, here are a few good signs, but we still find it hard to get excited about this company. Not just because of past letdowns, but because the new industries AMP is attempting to penetrate are fiercely competitive – before you even consider its reputational baggage.
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 14 November 2022.