Originally Posted by
Fred_Rubble
Whilst we are all aware of the recent downward trend of Heartland - my take is this is not specific to Heartland, with many shares significantly down - many got ahead of themselves including Heartland.
There are also macro headwinds such as the Royal commission, with Heartland getting unfairly wrapped up in the negative bank sentiment. This will pass however is dragging on a bit.
But if anything Heartland has made positive moves towards further growth - chasing the Reverse Mortgage market, which is even better with major competitors exiting this market.
I surmise Heartland fore sore impending difficult conditions and has focused on chasing proven and accelerating growth sectors, hence the restructure.
Discl - Holder and investor from the beginning.
Each to their own.