The recent acquisition in my view shows the capability of the management and also the conservative approach to managing our capital.....
This Owner's mindset in managing the business makes CDA one of the top companies in the ASX IMO...
The share price obviously has had a good run recently and I wouldn't say CDA is trading cheap at all... but to sell is another matter... it is very hard to sell, pay your taxes and then buy something else and expect it to double again... it is far better to hold onto your winners instead of trading in and out and so far there is no fundamental reason to sell CDA.....
CDA is a cash machine and they probably know that the Minelab business is doing great at the moment but won't be doing this good forever, hence making sensible acquisitions and diversifying the business is the best way forward....... Just look at all the acquisitions they've made and all the capital spendings by CDA for the past decade...flawless, high quality, and most importantly very patient executions.....
CDA Price at posting:
$17.37 Sentiment: Hold Disclosure: Held
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