WBC price target $41, page-78

Pretty much similar scenario like BHP in 2016 when crowd was saying BHP share price will drop to $10 or even go bust. Yada Yada Yada. BHP is now trading above $40. A similar post like this one was started in 2016 for BHP. My BHP share price target was $47.40 and it my call in 2016 when share price was $16. That post from 2016 is now getting traction on the BHP forum on HotCopper.

Wells Fargo had its fake accounts scandal few years ago and Warren Buffett believed in Wells Fargo business and let its management team fix those issues and look at Wells Fargo now. It came out stronger from the scandal and share price has performed strongly as a result of that.

Westpac is the first bank of Australia and has been around for more than 200 years!!! A lot has changed during the past 200 years and Westpac is still here. This means everything if you are looking for an investment for generations. There will be a lot of changes during the next 200 years and great companies like Westpac will still be around.

Westpac will get to $41 slowly and steadily and we just need be patient. WBC has a strong balance sheet, awesome cash flows and super profits. Have been reading and following Warren Buffett most of my life and learnt a thing or two from him. One of them was to give shares to your children as Christmas presents and this year it will be Westpac shares for my kids. Stay calm and keep buying Westpac shares.