@qcapital2020@stevemano101 But in these cases the numbers did deteriorate quickly and it was more obvious they would / multiples were often high in the hopes something good would happen. I think it’s a bit different
@KarstResearch@HettyGreen2020 Does this also imply that valuations on brokers will come down / setting up $AJG / $BRO to acquire more Accretively next few years?
@returnoncap@dennisihong In general agree but the landscape has gotten so cheap there are very ownable alternatives things at these levels (klarna, xyz, Ayden, chime)
@qcapital2020@Crussian17 I mean ya at prices that were multiples of the current price. Would say he’s clearly acting rationally and hasn’t sold any at these depressed levels
@AndrewM61370616 The complex is good value but could be dead value because people don’t want to buy into a soft market that could last 5+ years. Not right but have to recognize the sentiment / lack of catalyst higher for many names