I only hold a couple of FTSE 250 stocks. The vast majority of my portfolio is plucked from the FTSE 100 but specialist retirement advisor Just Group (LSE: JUST) is a rare and heroic exception to that rule. Especially after today’s bumper results.
I knew about the company from my work as a financial journalist but never thought of buying its shares as they were having a torrid time.
The Just Group share price crashed in July 2018 after management warned it had to set aside extra capital to cover its lifetime mortgage products, ahead of a Prudential Regulation Authority consultation into the equity release market.
Super growth stock
While the consultation concerned every equity release product provider, Just was more vulnerable than big guns like Aviva and Legal & General Group. The consultation never came to much, though, and events moved on.
Investors woke up to the fact that Just had been heavily oversold and…
