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Posted by
Two Blokes Jun 12 -
Filed in
Stock
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9 views
When I invested in Direct Line in 2022, I thought it looked like an attractive turnaround and I still think I was right. This investment was a bumpy ride to nowhere, and it's one of the main reasons why I no longer invest in turnarounds. Direct Line's equity, assets, earnings and dividends have all gone nowhere over the last ten years, giving the business a negative overall growth rate.
