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What are your thoughts on dfy.
T o

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Asked on December 25, 2021 7:40 am
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Thanks 👍

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Posted by Mike Nicholson
Answered on December 27, 2021 12:56 am
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DFY is an interesting one - it is very much like an IFC as a P&C Insurance company and one of the top insurers in the country (7th in Canada). It has run up since it listed, but I'm in a wait and see here as it has no track record of performance against market expectations. That being said I do like it and seems well positioned for growth.

Analysts recently starting covering it and they have an average price target of $32 - so a little upside from here. I think its priced as though it was fully valued here and will likely grow inline with out it manages to grow the business. I think it is certainly one worth considering. I'd like to see how it performs first but honestly, it is well positioned to do well. If it executes, it'll likely be a good stock to pick up at these prices.

Mat

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Posted by Mathieu Litalien
Answered on December 26, 2021 7:11 pm