It's not foolish to buy stocks that are undervalued. It's foolish to buy (or sell) stocks for no rational reason.
The rational reasons for selling Macquarie Group are disappearing fast. A profit of 900 Million equates to about $3 earnings per share this financial year. At $17.49, that equates to an 18% return. Not bad at all.
Not to mention the fact that you'd be buying 8 Billion dollars worth of assets for approx 4.91 Billion.
Z
mqg red rover - here's why, page-28
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Last
$208.73 |
Change
0.880(0.42%) |
Mkt cap ! $79.66B | |||
| Open | High | Low | Value | Volume |
| $208.00 | $209.90 | $207.70 | $76.15M | 365.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $208.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $208.80 | 150 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |