Is it time to pick iSelect?

With its share price falling more than 50% since its IPO, we take another look at iSelect

Two-thirds through our namesake and inspiration, The Intelligent Investor, Ben Graham paraphrases a quote from Pedro Calderon de la Barca’s play Life is a dream: ‘The greatest crime of man is having been born’. After losing more than half their money, investors who paid $1.85 in the company’s June 2013 float would be justified in substituting iSelect for ‘man’.

The withdrawal of a takeover offer from private equity, a recent profit warning and the departure of its third chief executive since listing and its chief financial officer have all combined to send its shares tumbling by 50% since October.

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