fgl headline earnings for the past 3 6 month periods were 1.9c , 1.2c and 2.3c and is on a pe of 100
They are getting a lot of fixed deposits which they pay 10% interest on, so the cash balance gets driven up but how are they going to pay that kind of interest? Through unsecured lending? Don't know if the unsecured lending environment is a good bet at the moment, and a P/E of 100 is a bit rediculous