Old Mutual On the Rise and Reorganizing

old_mutual_2   Old Mutual (OML|LSE) has been around for a long, long time, but it is adapting to the times and it is a growth stock.

” The stock is up 111% over the past five years and has performed pretty well in recent months as well.”

They are going through a major “reorganization”, recognizing the growth of Africa and the emerging markets:

“This is particularly impressive given that it’s going through a major overhaul, which will see the business try to liberate value by splitting itself into four parts: Old Mutual Wealth, South African lender Nedbank, the South African Old Mutual Emerging Markets business and its US institutional asset management arm Old Mutual Asset Management. It has now exited all its continental European operations, ahead of a planned London flotation later this year. Reports suggest it may retreat from listing its UK wealth management arm, due to the mounting costs of upgrading its investment platform, and could opt for a sale instead.”

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“These 2 solid income stocks merit a place in your portfolio”: http://money.aol.co.uk/2016/10/05/these-2-solid-income-stocks-merit-a-place-in-your-portfolio/

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