Swiss Re $SREN (+0,79%) is so cheap (forward P/E ~10) because:
- profits are extremely strong at the moment, but nobody believes that this will happen every year.
- the business is extremely volatile (natural catastrophes = risk).
- they pay out a lot of dividends but have little growth story.
Is $SREN (+0,79%) a buy for you? What do you think of Swiss equities?
