As an open and avid learner with no reason to ask but my own interest and education, I do have a question if you'd be so kind?
CSL is clearly 1st class, but by most traditional valuation metrics it certainly wouldn't be considered "cheap". You strike me as a through and through value investor, but often value investors aren't prepared to stump up the extra $ for "high quality" companies. I guess I'm just wondering if your a CSL holder, and if you did stump up the extra $ because of the Future free cash flow assumptions you used in you DCF valuation?
Under the circumstances, and out of respect for followers of MSB who might not care one jot about hearing or learning about CSL, I'll respond to your question in due course on an appropriate CSL stock thread.
Because I think your question gets to the heart of a most apposite aspect of investing in publicly listed securities, and one that doesn't get discussed/debated with the rigour it warrants.
MSB Price at posting:
$1.64 Sentiment: None Disclosure: Not Held
(20min delay)