MURGF - Munich RE: Continued Outperformance From An Overvalued Insurer
2024-06-15 08:29:41 ET
Summary
- Munich RE has performed well historically, but the current valuation is too high for long-term investment.
- The company's risks include exposure to international P&C and lack of scale advantages compared to peers.
- Despite solid fundamentals, Munich RE is overvalued at close to 12x Forward P/E, with limited upside potential.
Dear readers/followers,
My sentiment regarding Munich RE ( OTCPK:MURGY ) ( OTCPK:MURGF ) can be summarized in my looking at the performance and saying "Really, you're still going higher?"....
Munich RE: Continued Outperformance From An Overvalued Insurer