Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Aon's Recession Era Acquisition Spree Has Not Helped Profits Enough

Few companies took more advantage of the Great Recession than London-based insurance brokerage Aon PLC (NYSE:AON). During 2008, the company went on an acquisition binge buying more than 30 companies. While Aon's profits have moved markedly higher thanks to this sound business strategy, the growth hasn't been as great as I would have thought, and with the stock now much more expensive than it was a few years ago, it's not a clear cut buy at today's prices.

For those not familiar with the company, Aon is an insurance broker and consulting company operating both in the US and abroad. While the firm is based in London today, for a long time it was headquartered in Delaware. Aon...

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