In this section we look at one stock that we think investors should avoid. The risks are now to the downside and we believe investors should consider investing else where. As usual we give this stock the unconventional assessment.  Suncorp (SUN) – It’s been a bumpy ride for those that have held SUN since the start of last year. At the start of January 2017 shares were trading at around $13.52. By July they hit $15.24 (+12.72%). Today they’re back to where they were a year ago at $13.62. Great. SUN just can’t seem to catch a break. Its rivals such as Insurance Australia Group (IAG) and Challenger Group (CGF) have all posted ripping profit results and rosy guidance forecasts. SUN on the other hand, is constantly bogged down with bad luck and oversized hazard claims. Or maybe they are just bad at forecasting the future. An onslaught of flooding, storm and hail damaged over the last half year caused SUN a lot of grief. The main event was the December 2017 storms in Melbourne that really put a dent in costs. So much so that they will impact its FY18 results. With wild wind gusts of up to 117km/h, trees fell and blackouts hit some 100,000 Victorian homes. SUN is now expecting the damage bill at around the $160m-$170m mark. That stems from 21,000 claims across AAMI, GIO, Suncorp, Apia, Shannons and Bingle relating to both home and motor damage. It equates to a cool $70m over budget. Of course the ones that pay in the end are policy holders who risk higher insurance premiums and shareholders who cop the downgrades. Unconventional View: Insurance is risky business, we know. The thing that concerns us is that SUN seem to under budget all the time. In-fact according to media sources, SUN has…

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