Originally Posted by
Snoopy
I don't think Heartland is going to go out of business. So the question is what price is fair value for investment? I still remember New Zealand's second greatest ever banker, the late Sir John Anderson, standing up at a special PGW meeting called to sell off the highly successful PGW Finance business. He stated that even a really good finance business is only worth its asset backing. Sir John was PGW Chairman at the time. That was immediately post GFC. Fast forward to Heartland post Covid. Would Sir John be saying the same thing if he was still with us today?
SNOOPY